Q1. The dependent variable is ED also independent variables are black, dadcoll, momcoll, own home, dist tuition also income hill. Try to interpret the variables in terms of level of significance, direction also the coefficient of correlation.
Q2. . If a regulator sets the price equal to the natural monopolist's marginal cost, the monopoly will experience a loss the monopoly will earn a profit the monopoly will earn zero profit consumers will be worse off than they would be if the firm's profit maximization activities were unregulated.