I am just trying to understand my textbook solidly.
Microeconomics 101 question. In unregulated monopoly, Demand, Average Total Cost, Marginal Cost curves meet at one single point (1 output level) while in regulated monopoly, Demand intersects ATC (fair return price) at one point and MC (socially optimal price) at another point, right?
byu/turnleftorrightblock inAskEconomics
Posted by turnleftorrightblock