Consider how price regulation may improve the performance of natural monopolies.In your response:identify the "monopoly" priceidentify the "socially optimal" pricedescribe two options (discussed in 11.3 of the online textbook) that a government has to regulate price and output in this industryexplain how price under regulation compares to the "monopoly" and "socially optimal" prices

Consider the graph below, which demonstrates a natural monopoly's cost, demand, and marginal revenue curves along with three designated market price/quantity combinations (A, B, C). PriceICost Natural Monopoly