FIGURE 10- 4 Suppose a Monopolist Faces the Demand Curve

question 45

Multiple Choice

FIGURE 10- 4 Suppose a monopolist faces the demand curve and cost curves shown below.

-The average revenue curve for a single- price monopolist

• A)coincides with its demand curve.
• B)lies below its demand curve.
• C)is a horizontal line,equal to the price of its product.
• D)does not exist.
• E)slopes upward to the right.

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