Table 11-1 -At His Profit-Maximizing Level of Output, a Monopolist's Average Total

question 182

Multiple Choice

Table 11-1
-At his profit-maximizing level of output, a monopolist's average total cost curve is tangent to his demand curve.The monopolist

• A)is earning a negative economic profit.
• B)may or may not be earning a negative economic profit.
• C)is earning zero economic profit.
• D)is earning a positive economic profit.