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In the long run, the imposition of average- cost pricing in natural monopolies, such as Manitoba Hydro and New Brunswick Power, would generally lead to
Break-even Point
The point at which total costs equal total revenue, with no profit or loss, indicating the minimum sales volume needed to cover all expenses.
Fixed Costs
Expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance.
Unit Variable Cost
The cost associated with producing one additional unit of a product, excluding fixed costs.
Price
Price is the amount of money charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.
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