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Author Question: Consider a public utility that is a natural monopoly with falling long-run average costs. If a ... (Read 27 times)

emoedee

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on: Oct 12, 2022
Consider a public utility that is a natural monopoly with falling long-run average costs. If a regulatory agency ordered this firm to price all of its output at marginal cost, then the firm
◦ would have to shut down.
◦ would lose money unless it is subsidized.
◦ would earn profits since the demand curve is perfectly inelastic.
◦ would incur losses since the demand curve is perfectly elastic.
◦ could incur profits or losses depending on the position of the demand curve and the LRAC curve.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by emoedee on Oct 12, 2022

gwisel

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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emoedee

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Reply 2 on: Oct 12, 2022
Excellent

cassie_ragen

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Reply 3 on: Yesterday
:D TYSM

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