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Teaching Since: | Apr 2017 |
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MBA,PHD in Psychology
Northwest Florida State College
Jun-1992 - May-1997
Professor
Northwest Florida State College,
Aug-2006 - Nov-2015
Governments regulate natural monopoly by capping the price at ________.
A. marginal revenue and allowing the monopoly to maximize profit
 B. marginal cost so that the monopoly is efficient and makes zero economic pro
 C. average total cost, which allows the monopoly to be inefficient but make zero economic profit
 D. the buyers’ willingness to pay, which makes the monopoly operate efficiently
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