Ask a Question
  
  
  
Top Posters
Since Sunday
18
18
17
17
16
16
16
15
15
14
14
14
New Topic  
wrote...
Posts: 65
2 weeks ago
A profit-maximizing monopolist will receive zero profits when

• the average total cost curve is tangent to the demand curve at the profit maximizing price.

• marginal revenue, marginal cost, and average total cost are all equal.

• the average total cost curve lies above the demand curve for all possible rates of output.

• a second firm enters the industry.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 6 times
1 Reply
Replies
Answer verified by a subject expert
wrote...
Posts: 65
2 weeks ago
Sign in or Sign up in seconds to unlock everything.
the average total cost curve is tangent to the demand curve at the profit maximizing price.
1
Related Topics
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  56 People Browsing
 126 Signed Up Today
Related Images
 1606
 958
 76
Your Opinion