In the above figure, if this natural monopolist were regulated ...

[Lobcity]

In the above figure, if this natural monopolist were regulated and allowed to earn a fair rate of return, it would produce
 
  A) at Q1 output rate.
  B) at Q2 output rate.
  C) at Q3 output rate.
  D) past the Q3 output rate.

Question 2

The products sold by monopolistically competitive firms
 
  A) are differentiated.
  B) are homogeneous.
  C) can be either homogeneous or differentiated.
  D) are close substitutes of each other.

[Koolkid240]

Answer to Question 1

B

Answer to Question 2

A

[Lobcity]

Great answer, keep it coming

[dantucker]

TYSM