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B. Determine price and the level of service if competitive bidding results in a perfectly competitive price/output combination.

C. Determine price and the level of service if the city grants a monopoly franchise.

B. Determine price and the level of service if competitive bidding results in a perfectly competitive price/output combination.

C. Determine price and the level of service if the city grants a monopoly franchise.

Solution A.

Trash Pickups per Month

Price per Pickup

Total Revenue

Marginal Revenue

Cost

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