Question: Please help with this practice question. This is the full question. Waste Services has a natural monopoly on trash pickup services to households in a

Please help with this practice question. This is the full question.

Waste Services has a natural monopoly on trash pickup services to households in a local neighborhood. They can provide the service at an average cost ofATC = 48010 + S, and a constant marginal cost of MC = $5 Demand for water in the neighborhood is given by P = 77 1.5Q' What is Waste Services unregulated monopoly price, the socially optimal price, and the fairreturn price? Monopoly Price: $ Socially Optimal Price: 5 Fair-Return Price: $

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