The Figure Below Shows Revenue and Cost Curves of a Natural

question 52

Multiple Choice

The figure below shows revenue and cost curves of a natural monopoly firm. Figure 12.1 In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
According to Figure 12.1, the price under perfect competition will be:

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

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