If a Regulatory Agency Sets the Price Equal to Marginal

question 180

Multiple Choice

If a regulatory agency sets the price equal to marginal cost for a natural monopoly,the

• A) government might have to provide a subsidy to the firm to keep it in business.
• B) price is the same as the unregulated monopoly price.
• C) firm makes an economic profit, though not the maximum economic profit.
• D) firm makes the maximum economic profit.
• E) firm makes zero economic profit.

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Definitions:

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