A monopolist would not be able to make a positive profit at any price output combination when
A) marginal cost is less than average total cost for one more unit of output.
B) the average variable cost curve is everywhere above the marginal revenue curve.
C) the minimum point of the average total cost curve lies to the right of the minimum of the average variable cost curve.
D) the average total cost curve is everywhere above the demand curve.
D
Economics
You might also like to view...
Explain how a market demand curve is constructed
What will be an ideal response?
Economics
A monopoly whose monopoly power is based on its exclusive access to a resource is always threatened by the possibility of
a. technological change b. patents c. economies of scale in production d. new firms entering the industry e. its position as a natural monopoly
Economics