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Use the following figure to answer questions 2-4, Price MC ATC Pa D 0 Q. Q2 Quantity 2. Is the firm in the figure a

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Use the following figure to answer questions 2-4, Price MC ATC Pa D 0 Q. Q2 Quantity 2. Is the firm in the figure a natural monopoly? Explain your answer. 3. Will the firm in the figure earn profits if it produces Q; and charges P, ? Explain your answer. 4. Which quantity in the figure is consistent with profit regulation? With price regulation? Explain your answers

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