If the regulator wanted to maximize the total surplus in a natural monopoly market, the regulator has the firm set its price equal to its

A) average fixed cost.
B) average total cost.
C) average variable cost.
D) marginal cost.

Economics

The law of supply implies that the supply curve is

A) flat. B) upward sloping. C) downward sloping. D) vertical.

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Economics

Explain why government-funded college education can be considered a role of the government.

What will be an ideal response?

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Economics