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Title: Consider a regulated natural monopoly, such as an electricity distribution company, that faces ... Post by: pixiedust7891 on Oct 9, 2022 Consider a regulated natural monopoly, such as an electricity distribution company, that faces falling long-run average costs. If it is forced to price its output at average cost it will provide
▸ less output than what is socially optimal. ▸ more output than can be absorbed by the market. ▸ the socially optimal amount of output. ▸ so little output that there will be a shortage. ▸ more output than what is socially optimal. Title: Consider a regulated natural monopoly, such as an electricity distribution company, that faces ... Post by: fujioki on Oct 9, 2022 Content hidden
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