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If a Nondiscriminating Monopolist Is Operating at an Output Level

Question 163

Multiple Choice

If a nondiscriminating monopolist is operating at an output level where price equals average total cost, we can conclude that


A) economic profit is $0
B) the firm is not maximizing profit
C) the firm should go out of business in the long run
D) the firm is not earning its normal profit
E) the firm should shut down in the short run

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