A Single-Price Pure Monopoly Is Economically Inefficient

question 74

Multiple Choice

A single-price pure monopoly is economically inefficient

• A) only because it produces beyond the point of minimum average total cost.
• B) only because it produces short of the point of minimum average total cost.
• C) because it produces short of minimum average total cost and price is greater than marginal cost.
• D) because it produces beyond minimum average total cost and marginal cost is greater than price.

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