Which of the following is inconsistent with a monopoly?

a. a single seller
b. a downward-sloping demand curve
c. marginal revenue exceeds price
d. a U-shaped average total cost curve

c

Economics

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A country's exchange rate is the

A) price of its currency in terms of another currency. B) ratio of imports to exports. C) ratio of exports to imports. D) ratio of net exports to real GDP.

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Economists regard some inflation as good for the economy

a. True b. False

Economics