Typed and correct answer please. I ll rate $3.00$2.50$2.00$1.60.$1.50ATC$1.00MC$0.50MRD$0.00QrQc QuantityQmRefer to the graph shown. If the price of the product is$1 and the firm is a natural monopoly:the firm can earn profit by producing more than Qc.there will be a surplus of the product.the firm will incur losses by producing the quantity demanded at that price.the firm will earn economic profit by satisfying the market quantity demanded at that price.Price

A natural monopoly is a monopoly in an industry in which high infrastructure costs and other…

Refer to the graph shown. If the price of the product is $1 and the firm is a natural monopoly: the firm can earn profit by producing more than Qc. O there will be a surplus of the product. O the firm will incur losses by producing the quantity demanded at that price. the firm will earn economic profit by satisfying the market quantity demanded at that price.