If the Marginal Cost Curve Is Below the Average Total

question 101

Short Answer

If the marginal cost curve is below the average total cost curve,average total cost must be ___.

---

Definitions:

Trade Restraint

Any measure or policy that restricts international trade, including tariffs, quotas, and embargoes.

Predatory Pricing

is a competitive strategy where a company sets extremely low prices to eliminate competition and create a monopoly.

Monopolist

A monopolist is a single supplier in a market that has significant control over the price and supply of a particular good or service.

Market Entry

The act or strategy of bringing a new product or service to the market, facing various barriers to entry.