A Monopoly Will Shut Down in the Short Run When

question 23

Multiple Choice

A monopoly will shut down in the short run when

• A)the average variable cost curve is above the demand curve.
• B)the marginal cost curve is above the demand curve.
• C)the average total cost curve is above the demand curve.
• D)the marginal revenue curve is horizontal.
• E)marginal cost is negative.

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