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SunnieeCA SunnieeCA
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A year ago
Consider a public utility that is a natural monopoly with falling long-run average costs. If a regulatory agency orders the price to be set at average cost, the result will be

▸ exit from the industry in the short run.

▸ losses and exit from the industry in the long run.

▸ zero economic profit.

▸ economic losses.

▸ economic profits.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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shanej399shanej399
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A year ago
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SunnieeCA Author
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A year ago
Smart ... Thanks!
kh540941
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Yesterday
Correct Slight Smile TY
novae
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2 hours ago
You make an excellent tutor!
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