What Is an Average Cost Pricing Rule? Why Do Regulatory

question 325

Essay

What is an average cost pricing rule? Why do regulatory agencies use it for natural monopolies?

---

Definitions:

US$2,560

A specific amount of money in United States dollars.

Dollars

Dollars are a unit of currency used in various countries, including the United States, representing the medium of exchange for goods and services.

Yen

The official currency of Japan.

Pounds

A unit of weight in the imperial system equal to 16 ounces, or the currency of the United Kingdom.