At a Given Output Level, When Can a Monopolist Earn

question 139

Multiple Choice

At a given output level, when can a monopolist earn a profit?

• A) only if the height of the marginal revenue curve at the output produced exceeds the height of the marginal cost curve at that output
• B) only if the height of the demand curve at the output produced exceeds the height of the marginal revenue curve at that output
• C) only if the height of the demand curve at the output produced exceeds the height of the average total cost curve at that output
• D) only if the slope of the total revenue curve exceeds the slope of the total cost curve

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