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100 80 Marginal Cost 60 Average Cost 40 Demand 20 Marginal Revenue 0 20 40 60 80 100 HOUSEHOLDS SERVED If this natural monopolist charged

100 80 Marginal Cost 60 Average Cost 40 Demand 20 Marginal Revenue 0 20 40 60 80 100 HOUSEHOLDS SERVED If this natural monopolist charged a price that maximized profits, what would that price be? Select one: O a. $40 O b. $60 O C. $70 O d. $90

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