Author Question: A natural monopoly that charges the profit-maximizing price will produce ________ amount of output ... (Read 94 times)

viki · **on:** Jun 29, 2018

A natural monopoly that charges the profit-maximizing price will produce ________ amount of output than a ________.

A) a larger; natural monopoly regulated with an average cost pricing rule
B) a more efficient; perfectly competitive industry
C) the same; natural monopoly regulated with a marginal cost pricing rule
D) a smaller; natural monopoly regulated with a marginal cost pricing rule

Question 2

In the above table, if the market is perfectly competitive and unregulated, the equilibrium price will be

A) 50 per unit.
B) 60 per unit.
C) 70 per unit.
D) 110 per unit.