Under What Conditions Can a Monopolist Have Potentially Lower Costs

question 186

Multiple Choice

Under what conditions can a monopolist have potentially lower costs and possibly charge a lower price than would exist if the market were competitive?

• A) when the monopolist operates on the inelastic portion of the demand curve
• B) when the monopolist is a profit maximizer rather than a revenue maximizer
• C) when substantial diseconomies of scale are present
• D) when substantial economies of scale are present

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