19 Assuming no government intervention in this market; what would be the equilibrium price?$What would be the equilibrium output?If the government decided to regulate and set the price equal to average cost; the new price would be:$and the new output would be:In general, this type of regulation tends to cause the monopoly profit toOIncrease to 91.5ODecreaseOStay the same The table below shows demand and cost information for a natural monopoly.Use the information in the table to answer the questions below:Price in $ Quantity Total Revenue in $ Marginal Revenue in $ Marginal Cost in $ Average Total Cost in $70.0000.0067.0067.001128.0064.0061.00183.00232.00275.0058.0055.0052.0049.0046.00312.00343.00368.00234567867.0061.0055.0049.0043.0037.0031.0025.0046.0044.5046.0049.0055.0064.0074.5086.5051.0047.7547.1747.6249.1052.0054.8658.81

Government intervention refers to the actions taken by the government to regulate, control, or…

Assuming no government intervention in this market; what would be the equilibrium price? What would be the equilibrium output? If the government decided to regulate and set the price equal to average cost; the new price would be: and the new output would be: In general, this type of regulation tends to cause the monopoly profit to OIncrease to 91.5 oDecrease Ostay the same