Question: 2. Do total profits (A) decrease, (B) increase, or (C) stay the same when new technology reduces average total costs (shifts ATC downward in Figure

2. Do total profits (A) decrease, (B) increase, or (C) stay the same when new technology reduces average total costs (shifts ATC downward in Figure 26.2 ) in

(a) An unregulated natural monopoly?

(b) A price-regulated natural monopoly?

(c) A profit-regulated natural monopoly?

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