The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 69

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-If the monopolist's price happens to be greater than the average-variable cost but less than the average total cost, in the short run the monopolist will:

• A)be forced to shut down to minimize the cost.
• B)operate at a loss.
• C)operate at an economic profit.
• D)operate at a normal profit.
• E)go out of business.

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Definitions:

Fetoscopy

A medical procedure involving the insertion of a fetoscope to visually examine a fetus inside the uterus.

Ultrasound

A medical imaging technique that uses high-frequency sound waves to create images of structures within the body.

Amniocentesis

A medical procedure used in prenatal diagnosis, involving the extraction of a small amount of amniotic fluid surrounding the fetus to study genetic and chromosomal information.

Chorionic Villi Sampling

A prenatal test involving the sampling of chorionic villi from the placenta to detect genetic abnormalities.