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QUESTION 11 Please use the diagram below of a natural monopoly to answer the next TWO questions. Price .AC MC MR Q Q2 Quantity If

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QUESTION 11 Please use the diagram below of a natural monopoly to answer the next TWO questions. Price .AC MC MR Q Q2 Quantity If unregulated and allowed to do what they wish to maximize profits, the natural monopolist would produce _units and charge a price of O Q1; P1 O Q2, P2 O Q2, P5 O Q3, P4 QUESTION 12 2.5 poi (Please use the graph from the previous question). If the government regulates this natural monopoly and institute a policy of "fair- return pricing," the output would be_ and the price would be O Q1; P1 O Q2; P2 O Q3, P4 O Q4; P6

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