A monopolist will operate in the short run if which of the following is above average variable cost?
a. Marginal cost.
b. Marginal revenue.
c. Price.
d. All of these.
c
Economics
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What do economists call movements of labor and capital between nations?
What will be an ideal response?
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What famous economist said that the market economy seemed to be controlled by an invisible hand?
a. Alfred Marshall. b. Adam Smith. c. Karl Marx. d. Robert L. Heilbroner.
Economics