Multiple Choice
In long-run equilibrium for a single-price monopolist,
A) the plant size is always the one at the bottom of the long-run ATC curve.
B) output is at the level where short-run and long-run marginal costs are the same.
C) marginal cost equals ATC.
D) marginal revenue equals price.
Correct Answer:
Verified
Correct Answer:
Verified
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