ECONOMICS homework help needed on natural monopoly, can you help please?

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04-08-2008, 04:14 PM

CuriousJ

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ECONOMICS homework help needed on natural monopoly, can you help please?

Natural monopoly with total cost function given by TC(q)=500+20q. Demand function is q=100-P
-If the monopoly is mandated to set its price at the marginal cost level, what would the price be? How much would the monopoly produce? What is the level of average cost at this production?
Any insight/help would be greatly appreciated.

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