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Price and cost (dollars per month) 826 00 40 32 22250 15 10 0 3.5 6 8 10.5 12.5 LRAC MC 16 Quantity (millions

Price and cost (dollars per month) 826 00 40 32 22250 15 10 0 3.5 6 8 10.5 12.5 LRAC MC 16 Quantity (millions of households) Consider the market for cable television, a natural monopoly, shown in the figure above. If the regulator imposes a marginal cost pricing rule, the firm provides service to 6 million households. 3.5 million households. 12.5 million households. 10.5 million households.

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