Question: please answer Consider the only electric company in a small town, which you can assume operates as a natural monopoly. The following graph stiows the

Consider the only electric company in a small town, which you can assume operates as a natural monopoly. The following graph stiows the demand curve for electricty services per month, as well as the provider's marginal revenue (MR) curve, marginal cost (MC) curve, and averdge total cost (ATC) curve. Suppose the government has elected not to impose regulations on the industry, and so the firm faces no regulatory constraints in maximizing profits. Complete the first row of the foflowing table. Suppose now that the government decides to require the monopotst to set its price equal to marginal cost. Complete the second now of the previous tabie suppose now that the govemment decides to require the monopolist to sot its price equia to averige tota cost Complete the third row of the phevious table. Thue or False under the average-cost pliong colcy, the olectio company har no licentive to cut oonts True False
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