Exhibit 25-1 ​ Refer to Exhibit 25- 1. If Average-Cost Pricing Is Imposed

question 92

Multiple Choice

Exhibit 25-1 ​

Refer to Exhibit 25- 1. If average-cost pricing is imposed on the natural monopoly firm, what price is charged?

• A)P₁
• B)P₂
• C)P₃
• D)any of the three prices

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