The Figure Below Shows Revenue and Cost Curves of a Natural

question 74

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
Refer to Figure 12.1.Identify the fair-rate-of-return price.

• A)P₅
• B)P₂
• C)P₄
• D)P₁
• E)P₃

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