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Question
If a public service commission requires a natural monopoly to set its price equal to the long -run marginal cost, this will result in
A) excessive economic profits to the monopoly.
B) normal economic profits to the monopoly.
C) losses to the monopoly.
D) either economic profits or losses, depending on the efficiency of the monopoly.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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