The diagram below shows cost and revenue curves for a natural monopoly producing electricity.Price is dollars per kilowatt hour and quantity is kilowatt hours per day. 
FIGURE 12-7
-Refer to Figure 12-7.Suppose this firm is being regulated using a policy of marginal-cost pricing.In this case,economic profits are equal to
Definitions:
Normal Safeguards
Protocols or measures implemented to ensure the regular operation and security of systems or data.
Programmer
An individual who writes, debugs, and maintains computer program code across various programming languages.
Time Dimension
The time dimension refers to the conceptual dimension in models and databases that represents time for the purpose of analyzing changes or patterns over it.
Scope
The context within a program where a variable or function is accessible.
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