A Monopolist Will Shut Down in the Short Run If

question 29

Multiple Choice

A monopolist will shut down in the short run if:

• A)marginal revenue is less than price.
• B)price is less than marginal revenue.
• C)total revenue is less than total fixed cost.
• D)total revenue is less than total variable cost.
• E)marginal revenue is less than marginal cost.

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Definitions:

Adjusted Cash Balance

The cash balance as per the company's records after making necessary adjustments for reconciling items with the bank statement.

Bank Statement

A document summarizing the financial transactions occurring within a specific period on a bank account.

Check Register

A record book or electronic log used to track checks written, deposits made, and current balances in a checking account.

Outstanding Deposits

Money that has been deposited into a bank account but has not yet been processed or credited to the account.