A monopolist will not earn any economic profits when

A. ATC lies below the demand curve.
B. ATC lies above the demand curve.
C. AFC is very high.
D. AVC is a minimum.

Answer: B

Economics

You might also like to view...

If the quantity desired of something exceeds the amount available at zero price, that item is called

A) capital. B) an economic good. C) an intangible good. D) a bad.

View
Economics

What are the reasons for preferring competition to monopoly?

View
Economics