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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
A monopolist will have negative profits if
A) the average cost curve is below the demand curve.
B) the average cost curve is above the demand curve.
C) the marginal cost curve is below the demand curve.
D) none of the above; a monopolist will never have negative profits.
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
I figured, great answer
wrote...
#3
7 years ago
I was slightly debating this one, thanks for the feedback
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