Assume Someone Organizes All Farms in the Nation into a Monopoly.What

question 138

Multiple Choice

Assume someone organizes all farms in the nation into a monopoly.What is the monopoly's marginal cost curve?

• A) It is a horizontal line at the competitive industry's price.
• B) It is a vertical line at the formerly competitive industry's quantity.
• C) It is a vertical line at the monopoly's chosen output level.
• D) It is the formerly competitive industry's supply curve.
• E) It is the same as the formally competitive industry's average total cost curve.

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