-Use the Above Figure

question 269

Multiple Choice

-Use the above figure. Suppose that a regulatory agency requires this natural monopolist to engage in marginal cost pricing. This would lead to

• A) losses, which would drive the monopolist out of business in the long run.
• B) profits, which would encourage new producers to enter the industry in the long run.
• C) profits, but new firms cannot enter the industry in the long run due to high barriers to entry.
• D) losses, which would encourage the monopolist to lower costs in the long run.

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Definitions:

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