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. If this firm were unregulated and profit maximizing, its profit would beper day.
Definitions:
Partnership Liquidation
The process of ending a partnership by selling off assets, paying off liabilities, and distributing the remaining assets to partners.
Creditor Claims
Rights of creditors to the assets of a debtor in the case of default, bankruptcy, or liquidation.
Joy Partner's Withdrawals
Distributions of assets from a partnership to one of its partners, typically for personal use.
Closed
In accounting, refers to accounts that have been zeroed out at the end of an accounting period to prepare them for the next period.
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