This Question: 1 pt 6 of 23 (4 complete) This Quiz: 23 pts pos The producer of n

Question

This Question: 1 pt 6 of 23 (4 complete) This Quiz: 23 pts pos The producer of natural gas is a natural monopoly Price and cost (dollars per househd 70- The graph illustrates the market for natural gas. When the government regulates the company by imposing an average cost price rule, the price per household per month is 50- 30- LRAC 0 A. $30 and the deadweight loss is $25,000 MR B. $20 and 30,000 households are served O C. $20 and the loss per household is $10 0 5 10 15 20 25 30 35 40 45 Quantity (thousands of households) D. $30 and the deadweight loss is $50,000 Click to select your answer. 42) F8 F9 F10 F1T F12

Explanation / Answer

B. $20 and 30,000 households are served

After the application of average cost price rule.

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