On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity for this natural monopolist. 40 36 32 Monopoly Outcome 28 24 PRICE (Dollars per hundred cubic feet) 20 16 12 8 ATC MC MR D 0 0 1 2 3 4 5 6 7 8 9 10 QUANTITY (Hundreds of cubic feet)Which of the following statements are true about this natural monopoly? Check 3!! that apply. C] It is more efcient on the cost side for one producer to exist in this market rather than a large number of producers. C] The water company is experiencing diseconomies of scale. C] In order for a monopoly to exist in this case, the government must have intervened and created it. C] The water company is experiencing economies of scale. True or False: Without government regulation, natural monopolies can earn positive prot in the long run. "\\ \\J True K.) False