The Figure Given Below Shows the Cost and Revenue Curves

question 13

True/False

The figure given below shows the cost and revenue curves of a monopolist.Figure 11.9
D: Average revenue
MR: Marginal revenue
ATC: Average total cost
MC: Marginal cost
-If a monopolist's demand curve shifts to the left such that it becomes tangent to the ATC curve at the output for which marginal revenue equals marginal cost, the monopolist will make only a normal profit.

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Definitions:

Guarantor

An individual or entity that agrees to be responsible for another’s debt or performance under a contract if the original party fails to meet their obligations.

Principal Debtor

The primary individual or entity responsible for repaying a debt or obligation under the terms of a loan agreement or financial contract.

Obligor

An obligor is a person or entity legally obliged to provide a benefit or payment to another in a contractual agreement.

Collateral Contracts

Collateral contracts are supplementary agreements made in addition to a primary contract, which impose additional obligations or conditions related to the primary contract's terms.