a) less than 9

b) 9

c) between 9 and 10.25

d) 10.25

e) higher than 10.25

which is it?

Consider the following information for a regional cable television service provider that is a natural monopoly and has a U-shaped long-run average cost curve. (Assume the service provided is basic cable and units are household connections.) - minimum LRAC = $9.00 per month - minimum efficient scale = 2 million units - current output = 2.3 million units - LRAC at current output = $10.25 per month If this firm is currently being regulated and is following an average-cost pricing policy, the price of the service is per month