The Following Question Are Based on the Following Diagram of a Monopolist

question 49

Multiple Choice

The following question are based on the following diagram of a monopolist:

-If a perfectly competitive,constant-cost industry is monopolized,the market supply curve becomes the monopolist's ________ curve.

• A) demand
• B) marginal cost
• C) average cost
• D) marginal revenue
• E) total revenue

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Definitions:

Pattern 2

A sequential or repeating model or design that falls under a secondary category or variation.

Relate

To establish a connection or identify similarities between two or more concepts, situations, or entities.

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted from generation to generation.

Bilingual

Refers to the ability to understand and communicate fluently in two languages.