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On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity for this natural monopolist. .+ Monopoly Outcome 32

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On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity for this natural monopolist. .+ Monopoly Outcome 32 PRICE Dolan per hundred cubic feet ATC MR 19 QUANTITY (Hundreds of cubic feet)Which of the following statements are true about this natural monopoly? Check all that apply. The water company is experiencing economies of scale. Wi The water company must own a scarce resource. IllThe water company is experiencing diseconomies of scale. In order for a monopoly to exist in this case, the government must have intervened and created it. True or False: Without government regulation, natural monopolies can earn positive profit in the short run. True False

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