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CroweN6459 CroweN6459
wrote...
Posts: 493
5 years ago
A monopolist will not be able to receive a positive economic profit at any price-output combination at which

• the average total cost curve is everywhere above the demand curve.

• marginal cost is less than average total cost when the monopolist has equated marginal revenue and marginal cost.

• marginal cost is less than average variable cost when the monopolist has equated marginal revenue and marginal cost.

• marginal revenue falls at a faster rate than marginal cost increases.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
the average total cost curve is everywhere above the demand curve.
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