An Average Cost Pricing Rule Sets ________ Equal to Average

question 91

Multiple Choice

An average cost pricing rule sets ________ equal to average total cost.An average cost pricing rule is not an efficient way of regulating monopoly because at the quantity produced,________.

• A)price;marginal benefit exceeds marginal cost
• B)the return on capital;marginal benefit exceeds marginal cost
• C)marginal cost;marginal cost exceeds marginal benefit
• D)price equal to marginal revenue,which in long-run equilibrium is;marginal cost exceeds marginal benefit
• E)marginal cost;marginal benefit exceeds marginal cost

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