If a Monopoly Produces Where Marginal Revenue Is Equal to Marginal

Multiple Choice

If a monopoly produces where marginal revenue is equal to marginal cost then:

A) if short run average cost is less than price, the monopoly will have a normal profit.
B) if short run average cost is equal to price, the monopoly will have a normal profit.
C) the monopoly is guaranteed to make a normal profit.
D) if short run average cost is greater than price, the monopoly will have a normal profit.
E) if average variable cost is greater than price, the monopoly will have be operating at a loss.