Price Quantity Demanded LRAC 50 1 $10 35 $20 20 $24 4 $37.50 The table above shows demand and average total cost for a natural monopoly firm. What will the price will this firm charge? $20 $50 $35 $5

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Price
Quantity Demanded LRAC
50
1
$10
35
$20
20
$24
4
$37.50
The table above shows demand and average total cost for a natural monopoly firm.
What will the price will this firm charge?
$20
$50
$35
$5
Transcribed Image Text:Price Quantity Demanded LRAC 50 1 $10 35 $20 20 $24 4 $37.50 The table above shows demand and average total cost for a natural monopoly firm. What will the price will this firm charge? $20 $50 $35 $5
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