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In the Short Run,a Monopoly Should Shut Down Whenever

Question 50

Multiple Choice

In the short run,a monopoly should shut down whenever


A) marginal revenue exceeds marginal cost
B) price is less than average total cost
C) total revenue is less than total cost
D) price exceeds the ratio of marginal cost to average cost at the optimal output
E) price is less than average variable cost everywhere

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