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sinerus sinerus
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7 years ago
Suppose a monopolist has costs such that when output is 500 units per hour, average costs are $3. If the monopolist is regulated by a policy of average-cost pricing, the monopolist will charge a price of
A) $3 only if the quantity demanded is greater than 500 units at a price of $3.
B) $3.
C) $3 only if the quantity demanded is 500 units per hour at a price of $3.
D) $3 only if the quantity demanded is less than 500 units per hour at a price of $3.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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sinerus Author
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