The Monopolist's Cost Curves Differ from Those of a Perfectly

question 131

Multiple Choice

The monopolist's cost curves differ from those of a perfectly competitive firm in that:

• A)marginal cost is no longer equal to average variable cost.
• B)average total cost is now minimized where it crosses marginal cost.
• C)average total cost and average variable costs are now equal.
• D)The cost curves are the same for a firm regardless of market structure.

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