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Refer to the Graph Shown

question 150

Multiple Choice

Refer to the graph shown. If the price of the product is $1 and the firm is a natural monopoly: Refer to the graph shown. If the price of the product is $1 and the firm is a natural monopoly:   A)  there will be a surplus of the product. B)  the firm will earn economic profit by satisfying the market quantity demanded at that price. C)  the firm can earn profit by producing more than Q<sub>c</sub>. D)  the firm will incur losses by producing the quantity demanded at that price.


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