graph shown. If the price of the product is $1 and the firm is a natural monopoly: A line graph plots price versus quantity for two curves and two lines.A line graph plots price in dollars, which ranges from 0 to 3 dollars with an increment of 0.5 dollars, against quantity for two descending lines M R and D, which intersect with two descending curves A T C and M C. Three intersection points are at (2.50, Qm), (1.50, Qr), and (1, Qc). Multiple Choice there will be a surplus of the product. the firm will earn economic profit by satisfying the market quantity demanded at that price. the firm can earn profit by producing more than Qc. the firm will incur losses by producing the quantity demanded at that price