Initially, a consumer is at an optimum. Then the price of Y increases. Consequently

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

A) zero. B) ecf. C) gde. D) efcb.

A gasoline tax to finance highways is a fairly good example of democratic decision-making resulting in the efficient level of output

a. True b. False