In regulating a natural monopoly, the price strategy that ensures the highest possible output and zero profit is one that sets price
A) corresponding to the demand curve where marginal revenue equals zero.
B) equal to average variable cost where it intersects the demand curve.
C) equal to average total cost where it intersects the demand curve.
D) equal to marginal cost where it intersects the demand curve.
C
Economics
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Economics
Refer to the above table. If an economy's current per capita real GDP is $3,000, and if its economy grows at an constant annual rate of 5 percent for 50 years, what will be its per capita real GDP at the end of that period?
A. $34,500 B. $55,200 C. $21,330 D. $13,140
Economics