-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.

---

Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.

Interdependence

The extent to which employees depend on other members of their team to carry out their work effectively.

New Economy

A term referring to the shift from traditional industry to an economy based on information technology and services.

Prejudice

The display of negative, irrational attitudes toward members of diverse populations.