17  The Mexican government has passed a law which prevents any monopoly charging a price significantly above its production costs. Any monopoly that breaks the law is fined.Which type of policy measure is this?1 pointA minimum priceB regulationC subsidyD tax

If the government wants to regulate a natural monopoly it will force the firm to set price equal toGroup of answer choicesaverage cost.marginal cost.marginal revenue.None of the above.

If the government attempts to force a natural monopoly to charge a price equal to marginal cost

If the government imposes a per-unit tax on the output of a monopoly with a downward-sloping demand curve, the burden of the tax will be ashared by consumers and the monopolist bshared by the monopolist and the government cborne entirely by the government dborne entirely by consumers

One justification for government regulation of a monopoly is that the unregulated monopoly apays its workers a lower wage than if the market were competitive bhas a very elastic demand curve ccharges a price higher than a competitive market price dsells too much of the product

Suppose a monopolist faces a market demand curve of the form: P = 122 – 0.2Q. This monopolist has a total cost curve given by: TC = 2Q. If the government were to regulate this monopolist and require them to charge a price equal to average cost, this price would be equal to $_____, and the monopolist would make a profit of $______.Group of answer choices2; 36,000.0; 0.2; 0.61; 17,995.62; 18,000.