The Figure Given Below Shows the Cost and Revenue Curves

question 94

True/False

The figure given below shows the cost and revenue curves of a monopolist.Figure 11.9
D: Average revenue
MR: Marginal revenue
ATC: Average total cost
MC: Marginal cost
-If a monopolist is producing the output level at which price equals average total cost in the short run, then the firm is earning a normal profit.

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