In the above figure, if the natural monopoly is regulated with a marginal cost pricing rule, then the deadweight loss to society is

A rightward shift of a supply curve is called a(n)

a. increase in supply. b. decrease in supply. c. decrease in quantity supplied. d. increase in quantity supplied.

Monopolists can charge any price and sell any amount of output they want because no competition exists.

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