If a Nondiscriminating Monopolist Is Operating at an Output Level

question 163

Multiple Choice

If a nondiscriminating monopolist is operating at an output level where price equals average total cost, we can conclude that

• A)economic profit is $0
• B)the firm is not maximizing profit
• C)the firm should go out of business in the long run
• D)the firm is not earning its normal profit
• E)the firm should shut down in the short run

---

Definitions:

Self-esteem

An individual's subjective evaluation of their own worth or personal value.

Nations

Large groups of people, often inhabiting a specific territory, united by common descent, history, culture, or language, forming a political entity or state.

Productive

Refers to achieving or producing a significant amount or result, often in relation to work or creativity.

Unselfish

Showcasing a disposition to put the needs or wishes of others before one's own; altruistic.