The primary benefit from natural monopolies is that: multiple choice 1 a single firm will be more innovative. a single firm will have lower costs of production. there are no deadweight losses if the firm is a natural monopoly. a natural monopoly is unlikely to have market power. The primary problem created by natural monopolies is that: multiple choice 2 competition is likely to create more desirable economic outcomes. a price higher than marginal cost creates deadweight loss. it is not possible to regulate natural monopolies. monopolies are always inefficient.

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)