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Figure 5 PRICE AND COST [Dollars per month! 100 80 Marginal Cost 60 Average Cost 40 20 Marginal Revenue 20 40 60 80 100 HOUSEHOLDS

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Figure 5 PRICE AND COST [Dollars per month! 100 80 Marginal Cost 60 Average Cost 40 20 Marginal Revenue 20 40 60 80 100 HOUSEHOLDS SERVED If this natural monopolist charged a price that maximized profits. what would that price be? Select one: Qa. $40 Ob. $60 OC. $70 Od. 590

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