For the output maximizing monopolist
A) average total cost must be falling.
B) marginal revenue equals marginal cost.
C) long-run marginal cost equals demand.
D) price equals average total cost.
Correct Answer:
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Q22: Say a monopolist sells in two separate
Q23: Under rate of return regulation,
A)P = MC.
B)P
Q24: Under rate of return regulation, firms earn
A)positive
Q25: Price discrimination is possible only if
A)economies of
Q26: In the long run, equilibrium for a
Q28: A single-price monopolist with a positive marginal
Q29: Which of the following could not be
Q30: The supply curve for a monopolist
A)is upward
Q31: Which of the following is not true
Q32: The profit maximizing markup (over MC) is
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