If a Monopoly Is Producing with a Normal Profit, Then

Multiple Choice

If a monopoly is producing with a normal profit, then:

A) it will be operating at a point where its long run average cost will be at a minimum.
B) it will be operating at a point that lies on the falling portion of long run average cost.
C) it will be operating at a point where its long run average cost will be increasing.
D) it will be operating at a point where its short run average cost will be at a minimum.
E) it will be operating at a point where its marginal revenue will exceed its marginal cost.