Use the Information Below to Answer the Following Questions

question 63

Multiple Choice

Use the information below to answer the following questions.
Fact 12.5.1
Cascade Springs Inc.is a natural monopoly that bottles water from a spring high in the Rocky Mountains.The total fixed cost it incurs is $80,000,and its marginal cost is 10 cents a bottle.The demand curve for Cascade Springs bottled water is shown in the following figure: Figure 12.5.1
-Refer to Figure 12.5.1.Suppose the firm is regulated by the government that imposes marginal cost pricing.The price of a bottle of water is

• A)$0.
• B)$0.50.
• C)$0.30.
• D)$0.10.
• E)$0.20.

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Definitions:

Dance Theater of Harlem

A renowned ballet company and school based in New York City, known for being one of the first African-American ballet companies in the world.

Ballet Corps

The group of dancers in a ballet company who perform together and are not soloists, often synchronizing movements in ensemble work.

Dance Theater of Harlem

A renowned American ballet company and school that promotes diversity in the performance arts, founded in New York City in 1969.

Dance Theater of Harlem

An American professional ballet company and school based in Harlem, New York, known for its inclusive policy for diverse dancers.