See Figure 27-2 in the text. Economists talk about businesses operating where MR = MC in order to maximize profits. But natural monopolies are usually required to operate where the Demand and LAC curves intersect. Oligopoly producers face a similar downward-sloping Demand curve to that of monopolists. What do you think would happen if some oligopolistic economic producers of goods and services, started to voluntarily produce where the Demand curve intersects the LAC instead of where MR = MC? In addition, these economic entities would try to pay a living wage and not harm the environment. Will the price and quantity go up, down, or stay the same? Will the social allocation of resources be more or less efficient? Would this work out for an economic enterprise trying to meet these goals?