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

question 132

Multiple Choice

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

• A) marginal cost curve is downward sloping instead of flat.
• B) average total cost curve is not necessarily minimized where it crosses marginal cost.
• C) average variable cost in no longer equal to marginal cost.
• D) The cost curves are the same for a firm regardless of market structure.

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