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Time left 2:23:18 Olivia Gor Consider a natural monopoly with large fixed costs and a constant marginal cost of production, such as supplying water to
Time left 2:23:18 Olivia Gor Consider a natural monopoly with large fixed costs and a constant marginal cost of production, such as supplying water to household. Which condition can be used to regulate such a natural monopoly to ensure that the firm continues to operate while maximizing consumer surplus? Oa. Demand = Marginal * cos t Ob. Price = Marginal Cost Oc. Marginal Cost = Marginal Revenue Od. Price = Marginal Revenue Oe. Demand = Average Cost
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