An Average Cost Pricing Rule Sets ________ Equal to Average

Multiple Choice

An average cost pricing rule sets ________ equal to average total cost.An average cost pricing rule is not an efficient way of regulating monopoly because at the quantity produced,________.

A) price;marginal benefit exceeds marginal cost
B) the return on capital;marginal benefit exceeds marginal cost
C) marginal cost;marginal cost exceeds marginal benefit
D) price equal to marginal revenue,which in long-run equilibrium is;marginal cost exceeds marginal benefit
E) marginal cost;marginal benefit exceeds marginal cost