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6 Oct 2020
Assume a monopolist's marginal cost and marginal revenue curves intersect and the demand curve passes above its average total cost curve. The firm will:
a. make an economic profit
b.stay in operation in the short run, but shut down in the long run.
c.shut down in the short run
d.lower price.
Assume a monopolist's marginal cost and marginal revenue curves intersect and the demand curve passes above its average total cost curve. The firm will:
a. make an economic profit
b.stay in operation in the short run, but shut down in the long run.
c.shut down in the short run
d.lower price.
Retselisitsoe PokothoaneLv10
27 Oct 2020
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