Use the following to answer questions:
Figure: Water Works 
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If regulators require the water works to charge the price that eliminates deadweight loss, the water works will serve _____ customers.
Definitions:
Functional Planning
pertains to the process of developing detailed strategies and actions for specific functional areas within an organization, such as marketing or operations.
Production Planning
The process of organizing and controlling all aspects of production, from raw material procurement to the final product, to ensure efficiency and productivity.
Gains From Trade
The benefits that arise for nations or individuals from trading goods, services, or resources with each other.
Specialization
The process in which individuals or entities focus on producing a limited range of goods or services to gain greater efficiency and productivity.
Q12: (Figure: Monopoly Model) Look at the figure
Q24: In an oligopoly:<br>A) there are many sellers.<br>B)
Q27: The shut-down point in the short run
Q44: (Figure: Monopoly Profits in Duopoly) Look at
Q73: A firm that can price-discriminate should adjust
Q75: (Table: Lunch) Look at the figure Lunch.
Q210: When a monopolist practices price discrimination as
Q216: For a perfectly competitive firm, marginal revenue:<br>A)
Q278: A profit-maximizing monopoly will never set price
Q336: (Figure: The Profit-Maximizing Output and Price) Look