A Pure Monopolist Is Producing an Output Such That ATC

question 230

Multiple Choice

A pure monopolist is producing an output such that ATC = $4, P = $5, MC = $2, MR = $3, and AVC = $2.50. This firm is realizing

• A)an economic loss that could be reduced by producing more output.
• B)an economic loss that could be reduced by producing less output.
• C)an economic profit that could be increased by producing more output.
• D)an economic profit that could be increased by producing less output.

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