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Question 14 Steak is a normal good and hamburger is an inferior good. The economy goes into a recession during which people's income fall. As a result, the price of steak _____ and the price of hamburger _ rises; rises O rises; falls falls; rises falls; falls Question 15 1 pts For a natural monopoly to make only a normal profit, its price must O equal its average total cost, ATC. O equal its marginal cost, MC. O equal its average variable cost, AVC. O be set from the demand curve at the quantity where MR = MC