Question: A second-best pricing solution for a natural monopoly involves setting price: Multiple choice question. equal to LMC. as close as possible to LAC, but higher
A second-best pricing solution for a natural monopoly involves setting price: Multiple choice question. equal to LMC. as close as possible to LAC, but higher than MC to ensure zero economic profits. equal to LAC. as close as possible to MC, but high enough to ensure zero economic profit
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