A Profit-Maximizing Monopolist Will Receive Zero Profits When

question 34

Multiple Choice

A profit-maximizing monopolist will receive zero profits when

• A) the average total cost curve lies above the demand curve for all possible rates of output.
• B) the average total cost curve is tangent to the demand curve at the profit maximizing price.
• C) marginal revenue, marginal cost, and average total cost are all equal.
• D) a second firm enters the industry.

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