If an idea has not been implemented because a monopoly producer has placed a barrier to entry, the circumstances are not normal due to:

In the long run under monopoly,

A. the MC curve will lie to the left of the output at which AC and AR meet. B. MC = MR = P. C. MC = MR = AR. D. the MC curve will lie to the right of the output at which AC and AR meet.

The labels for the axes of an aggregate supply curve should be ________.

A. real domestic output for the horizontal axis and price level for the vertical axis B. real domestic output for the vertical axis and price level for the horizontal axis C. real employment for the vertical axis and price level for the horizontal axis D. aggregate demand for the vertical axis and real national output for the horizontal axis