Complete the first row of the following table. Pricing Mechanism Profit Maximization Marginal-Cost Pricing Average-Cost Pricing Quantity (Subscriptions) 8,000 16,000 15,000 o True o False Short Run Price (Dollars per subscription) 10 15 Profit Suppose that the government forces the monopolist to set the price equal to marginal cost. Complete the third row of the previous table. Long-Run Decision Complete the second row of the previous table. Suppose that the government forces the monopolist to set the price equal to average total cost. True or False: Over time, the cable company has a very strong incentive to lower costs when subject to average-cost pricing regulations.

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