With a Natural Monopoly, the Fair-Return Price

question 129

Multiple Choice

With a natural monopoly, the fair-return price

• A) is allocatively efficient; the socially optimal price is allocatively inefficient.
• B) is allocatively inefficient; the socially optimal price is allocatively efficient.
• C) and the socially optimal price are both allocatively inefficient.
• D) and the socially optimal price are both allocatively efficient.

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