Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be:

"If a natural monopoly is regulated using a marginal cost pricing rule, the firm makes zero economic profit." Is the previous statement correct or incorrect? Explain your answer

What will be an ideal response?

Wage and price controls successfully control inflation when the government is pursuing a counter-cyclical policy to reduce the unemployment rate during a recession

Indicate whether the statement is true or false