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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