The outcome of regulating a natural monopoly using the marginal cost pricing rule is
A) that the firm makes a normal profit.
B) that the firm maximizes its profit.
C) that consumer surplus is less than what it would be if the firm maximized its profit.
D) an efficient level of production.
E) that the firm makes an economic profit.
D
Economics
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than the efficient quantity?
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As long as the amount of food stamps an individual receives is less than they would have spent on food without the food stamps, the food stamps act like a straight income transfer
a. True b. False
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