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Author Question: Dealing with Natural MonopoliesThe graph shows the demand curve (D), marginal cost curve (MC), ... (Read 651 times)

connormoss

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on: Nov 23, 2022
Dealing with Natural Monopolies

The graph shows the demand curve (D), marginal cost curve (MC), marginal revenue curve (MR), and average total cost curve (ATC) for a natural monopoly.



Assume that P1=$7, P2=$12.50, P3=$12.75, P4=$25, Q1=30, Q2=103, and Q3=139. If regulators use the marginal cost rule to set price, what is the monopoly's loss? If the regulators use the average cost rule to set price, what is the monopoly's profit?
Please round your final answer to two decimal places.
◦ $25.75, $0
◦ $25.75, $764.50
◦ $764.50, $0
◦ $764.50, $25.75
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by connormoss on Nov 23, 2022

tharris7314

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Reply #1 on: Nov 23, 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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connormoss

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Reply 2 on: Nov 23, 2022
Excellent

31809pancho

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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