In the above figure, if the natural monopoly is regulated with an average cost pricing rule and the firm does not inflate its costs, then consumer surplus will be
A) $192 million.
B) $108 million.
C) $216 million.
D) $60 million.
B
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The demand curve illustrates the fact that consumers tend to purchase:
A. name-brand products more frequently than generic products. B. more of a good as its price falls. C. more of a good as their incomes rise. D. more of a good as it becomes more popular.
What is the domino effect or contagion?
What will be an ideal response?
General Electric, a U.S. company, buys $50 million of Japanese securities. This transaction causes the U.S.:
A. financial and capital account balance to decrease. B. financial and capital account balance to increase. C. current account balance to decrease. D. current account balance to increase.
Which of the following can help explain the technology gap that exists between some countries?
A) poorly established property rights B) political instability C) the relative absence of entrepreneurs D) all of the above E) none of the above