Compared to the profit-maximizing equilibrium of a natural monopoly, a price cap regulation ________ the firm's price and ________ the firm's output

Firms that can price discriminate between customers do so to ________

A) increase consumer surplus B) increase employment C) increase their profit D) decrease the quantity they produce

What most accurately describes the trend in inter-city prices between 1815-1860?

a. Prices of goods in different eastern cities diverged. b. The prices of goods in the Midwest converged towards the prices of goods in the east. c. Prices of goods in the Midwest decreased relative to the prices of goods in the east.