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9. Regulating a natural monopoly Consider the only electric company in a small town, which you can assume operates as a natural monopoly. The

9. Regulating a natural monopoly Consider the only electric company in a small town, which you can assume operates as a natural monopoly. The following graph shows the demand curve for electricity services per month, as well as the provider's marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve.

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