One Method of Regulating a Natural Monopoly Is Known as Average-Cost

question 49

Multiple Choice

One method of regulating a natural monopoly is known as average-cost pricing.Using this method,the regulator requires that the price be set equal to

• A)internal cost.
• B)marginal cost.
• C)average variable cost.
• D)long-run average cost.
• E)average fixed cost.

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