If the regulatory agency sets a price where AR = AC for a natural monopoly, output...
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If the regulatory agency sets a price where AR = AC for a natural monopoly, output will be O a greater than the competitive level. O b. equal to the competitive level. Oc equal to the monopoly profit maximizing level. Od greater than the monopoly profit maximizing level and less than the competitive level. 9 91 92 Mane 90 899 If the regulatory agency sets a price where AR = AC for a natural monopoly, output will be O a greater than the competitive level. O b. equal to the competitive level. Oc equal to the monopoly profit maximizing level. Od greater than the monopoly profit maximizing level and less than the competitive level. 9 91 92 Mane 90 899
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