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Answe? ~ 8 days 5/12 At what price does this natural monopoly meet demand? LRAC Cost or Price ($) Demand 4,000 6,000 8,000 12,000 16,000

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~ 8 days 5/12 At what price does this natural monopoly meet demand? LRAC Cost or Price ($) Demand 4,000 6,000 8,000 12,000 16,000 20,000 Output Select the correct answer below: O p1, where quantity demanded is less than the minimum quantity it takes to be at the bottom of the long-run average cost curve O Po, where quantity demanded is more than the minimum quantity it takes to be at the bottom of the long-run average cost curve O p1, where quantity demanded is more than the minimum quantity it takes to be at the bottom of the long-run average cost curve O po,where quantity demanded is more than the maximum quantity it takes to be at the bottom of the long-run

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