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The Table Given Below Shows the Price, Marginal Revenue and Marginal

Question 69

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The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4
The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4    -If the monopolist's price happens to be greater than the average-variable cost but less than the average total cost, in the short run the monopolist will: A) be forced to shut down to minimize the cost. B) operate at a loss. C) operate at an economic profit. D) operate at a normal profit. E) go out of business.
-If the monopolist's price happens to be greater than the average-variable cost but less than the average total cost, in the short run the monopolist will:


A) be forced to shut down to minimize the cost.
B) operate at a loss.
C) operate at an economic profit.
D) operate at a normal profit.
E) go out of business.

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