5] In most jurisdictions public utilities (e.g. electricity providers and natural gas providers) are regulated. a] Provide standard theoretical justifications to regulate public utilities b) Describe the methodology most jurisdictions employ to regulate public utilities. c] Describe the assumptions implicit in the cost-of-service methodology. d) Assuming the methodology functions as intended, explain howr this methodology cures the natural monopoly problem. e) Discuss the limitations of the cost-ofservice methodology including but not limited to the AJ hypothesis