If the Average Total Cost Curve Is Always Above the Demand

question 159

Multiple Choice

If the average total cost curve is always above the demand curve of a monopolist,

• A) the profits of the monopolist will be large.
• B) the monopolist must be producing inefficiently.
• C) even a monopolist will suffer economic losses.
• D) entry will occur, forcing the monopolist to reduce price and expand output.

---

Definitions:

Romantic Relationships

Emotional and physical connections between two people who share mutual love and affection.

Same-sex Relationships

Romantic or sexual relationships between individuals of the same sex.

Sexual Scripts

Socially created guidelines that define how one should behave as a sexual being–communicated through culture and learned through social interaction.

Cultural Scripts

Indicate appropriate sexual roles, norms, and behaviors in a given society; largely conveyed through mass media and other social institutions, such as government, law, education, family, and religion.