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Figure 15.4 shows the revenue and cost curves for a natural monopolist. The monopolist will set the price equal to _____ if it is allowed

Figure 15.4 shows the revenue and cost curves for a natural monopolist. The monopolist will set the price equal to _____ if it is allowed to earn only a normal profit.

a.

b

b.

e

c.

f

d.

a

e.

c

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