-Refer to the Above Figure $\mathrm { Q } _ { 4 }$

question 100

Multiple Choice

-Refer to the above figure.Suppose the government requires the natural monopolist to charge the efficient price.Then profits for the firm will be

• A)zero.
• B)losses equal to \(\mathrm { Q } _ { 4 }\) times distance f-g.
• C)losses equal to \(\mathrm { Q } _ { 3 }\) times distance d-e.
• D)profits equal to \(\mathrm { Q } _ { 1 }\) times distance a-b.

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Definitions:

Partnership

A business arrangement that is legally recognized, involving two or more partners who jointly manage the business and divide its profits.

Criminal Act

An action in violation of the laws of a jurisdiction constituting a crime, with the intention of harm or with recklessness as to its effects.

Negligently Runs

Acting with a lack of due care or disregard for the safety of others, potentially causing harm or damage through one's actions or inactions.

Lawn Care Services

Businesses that provide maintenance and treatment of lawns, including mowing, fertilization, and weed control.