In the short run, suppose average total cost is a straight line and marginal cost is positive and constant. Then, we know that:
A) marginal cost is less than average total cost.
B) average total cost is positive and constant.
C) average total cost equals marginal cost.
D) A and B are correct.
E) B and C are correct.
E
Economics
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Product-line extension is a form of price discrimination
Indicate whether the statement is true or false
Economics
If antitrust legislation is successful, then the monopolistic firm will
A) decrease output and charge a lower price than before. B) increase output and charge a higher price than before. C) increase output and charge a lower price than before. D) decrease output and charge a higher price than before.
Economics