Use the above figure. If a commission regulates the above monopoly using fair-return (average cost pricing), then the industry's output will be ________ and the product's price will be ________

It is impossible for one person to have a comparative advantage in all tasks

a. True b. False

Under second degree price discrimination, the average price per unit paid by high demand consumers is not equal to marginal willingness to pay for one additional unit.

Answer the following statement true (T) or false (F)