Solved

If a Change in Fixed Cost in the Long Run

Question 176

Multiple Choice

If a change in fixed cost in the long run raises average total cost above the demand curve:


A) price and output will remain unchanged.
B) more monopolies will enter.
C) the monopoly will go out of business.
D) none of the above is true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions