The following graph shows the demand (D) for cable services in the imaginary town of Utilityburg. The graph also shows the marginal revenue (l curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for the local cable company, a natural monopolist. 0n the following graph, use the black paint (plus symbol) to indicate the prot-maximizing price and quantity for this natural monopolist. 100 Monopoly Outcome 7O 60 50 -- 30 PRICE (Dollars per subscription) 20 10 0 2 4 6 8 10 12 14 16 18 20 QUANTITY (Number of subscriptions) Which of the following statements are true about this natural monopoly? Check all that apply. C] In order for a monopoly to exist in this case, the government must have intervened and created it. C] It is more efcient on the cost side for one producer to exist in this market rather than a large number of producers. C] The cable company is experiencing economies of scale. C] The cable company must own a scarce resource. True or False: Without government regulation, natural monopolies always earn zero profit in the long run. 0 True 0 False