1. The government decides that the cablevision company is a natural monopoly, charges too high a price,...
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1. The government decides that the cablevision company is a natural monopoly, charges too high a price, and must be regulated. It chooses a fairprice policy. The result would be
a. P ¼ TFC
b. P ¼ TVC
c. P ¼ ATC
d. P ¼ MC
e. P ¼ AFC
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