Question

An unregulated natural monopolist will produce select one:

a. at the quantity where the long-run average cost curve intersects the demand curve.
b. at the quantity where marginal cost equals the long run average cost curve.
c. at the quantity where marginal cost equals marginal revenue.
d. at the quantity where average total costs are minimized.

Answer 1

b. at the quantity where marginal cost equals the long run average cost curve.

Step-by-step explanation:

This point will be the most effective to produce at after this point the shutdown point would be reached at surpassed.