-A Monopolist Would Not Be Able to Make a Positive

question 239

Multiple Choice

-A monopolist would not be able to make a positive profit at any price output combination when

• A) marginal cost is less than average total cost for one more unit of output.
• B) the average variable cost curve is everywhere above the marginal revenue curve.
• C) the minimum point of the average total cost curve lies to the right of the minimum of the average variable cost curve.
• D) the average total cost curve is everywhere above the demand curve.

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Definitions:

Microorganisms

Microorganisms are microscopic living organisms, including bacteria, viruses, fungi, and protozoa, that can exist as single cells or cell clusters.

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks bound together by a matrix of finer particles and cement.

Marine Conditions

Environmental factors pertaining to the ocean or sea, including salinity, temperature, and ecosystems.

Nonmarine Conditions

Environmental or geological conditions that occur in areas not influenced by the sea, often referring to freshwater or terrestrial habitats.