Question 16 1 points Save Answer Why does the government change the lowest price rule for a natural monopoly to Price=Average Total Cost as compared to Price=Marginal Cost for a regular monopoly? O a. It wants the natural monopoly to make more profits O b. Because of government corruption O c. Because typically, a natural monopoly would make economic losses if the Price=Marginal Cost rule is applied O d. Because a natural monopolist can bargain for a higher price than a regular monopolist A Moving to another question will save this response. >A Moving to another question will save this response. > Question 17 1 points Save Answer Assume that a producer pays $600 in fixed costs. For producing 50 units of their product, they pay $200 in variable costs, and for producing 60 units, they pay $500 in variable costs. What is the Average Fixed Cost for 60 units? O a. $30 O b. $16 O c. $18.33 O d. $10 A Moving to another question will save this response. >i> A Moving to another question will save this response. > Question 18 1 points Save Answer What is the short run supply curve for a perfectly competitive producer? O a. It's perfectly inelastic- a vertical line O b. It is the rising portion of the average total cost curve O c. It the portion of the Marginal Cost Curve above the minimum of the Average Variable Cost O d. None of the above A Moving to another question will save this response. >