A monopolist's demand function is given by D(p) = 90 – 2p. This monopolist is facing a cost function, C(y) = (1/2)y² + 600. (a) Is this a natural monopoly? Explain. (b) How can government regulate this monopolist to produce the efficient amount of products?

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Q: : An economy is described by the following equations: Z=C+l+G C=600+0.6(Y-T) I=300 G=700 T=600 ) :…

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