The Figure Below Shows Revenue and Cost Curves of a Natural

question 71

Multiple Choice

The figure below shows revenue and cost curves of a natural monopoly firm.Figure 14.1
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In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-Refer to Figure 14.1. The natural monopolist will charge a price equal to:

• A)P₄.
• B)P₃.
• C)P₂.
• D)P₁.
• E)P₅.

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