In the above figure, a single-price monopolist charges a price of ________, resulting in total revenue equal to area ________

Dumping occurs when a foreign country sells its products at prices: a. below their costs

b. below the prices for which they are sold in their domestic market. c. higher than the price for which it is sold in their domestic market. d. both (a) and (b)

For a perfectly competitive firm at its long-run competitive equilibrium point

A. P = AR = MR = MC = LATC = AVC. B. P > MR > AR > MC > LATC > ATC. C. P = AR = MR = LATC = ATC = MC. D. P = AR = MR = LATC > ATC = MC.