An Average Cost Pricing Rule Sets ________ Equal to Average

question 91

Multiple Choice

An average cost pricing rule sets ________ equal to average total cost.An average cost pricing rule is not an efficient way of regulating monopoly because at the quantity produced,________.

• A)price;marginal benefit exceeds marginal cost
• B)the return on capital;marginal benefit exceeds marginal cost
• C)marginal cost;marginal cost exceeds marginal benefit
• D)price equal to marginal revenue,which in long-run equilibrium is;marginal cost exceeds marginal benefit
• E)marginal cost;marginal benefit exceeds marginal cost

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Definitions:

Ventricular Contractions

The rhythmic tightening and pumping action of the heart's ventricles, which send blood out to the body (systole) and relax to fill with blood (diastole).

Inferior Vena Cava

The large vein that carries deoxygenated blood from the lower and middle body into the right atrium of the heart.

Saphenous

Referring to veins located in the legs, particularly the great and small saphenous veins, which are often involved in varicose veins and bypass surgery.

Femoral

Femoral refers to anything pertaining to the femur or thigh bone, the longest and strongest bone in the human body.