A monopolist will shut down in the short run if:
a. price exceeds marginal revenue
b. price is less than marginal revenue.
c. price is less than average total cost.
d. price is less than average variable cost.
d
Economics
You might also like to view...
Refer to the above figure. Which of the following points indicates an unobtainable point of production?
A) a B) d C) e D) More information is needed to answer the question.
Economics
According to the text, when management selects a price or quantity, it also selects the other. Explain why this is true.
What will be an ideal response?
Economics