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 average- cost pricing. The resulting price and output would be per kwh and kwh per day.
Definitions:
Acid-Base Imbalance
A condition in which there is an imbalance in the concentration of acids and bases in the blood, affecting the body's pH level.
Respiratory Alkalosis
A condition characterized by a decrease in carbon dioxide levels in the blood, leading to an increase in blood pH.
Sensible Water Loss
Water loss from the body that is perceptible, such as through sweating and urination.
Gastroenteritis
An inflammation of the stomach and intestines, typically caused by a bacterial or viral infection, leading to symptoms like vomiting, diarrhea, and abdominal pain.
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