For a natural monopoly firm, the resource-allocative efficient output is 200 units. The highest per-unit price that can be charged for this output is $3. Average total cost at 200 units is $3.50. For the natural monopoly firm that produces and sells 200 units of output, a. marginal cost is below its average total cost. b. fixed costs must be zero. c. it takes losses of $1.50 per unit. d. variable costs must be zero.
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