A monopolist operates at the minimum point of its ATC curve

A. only in the short run.
B. only in the long run.
C. in both the short run and the long run.
D. in neither the short run nor the long run.


D. in neither the short run nor the long run.

Economics

You might also like to view...

Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward

Economics

The worst hyperinflation ever recorded happened in:

A. Hungary. B. Brazil. C. Zimbabwe. D. Germany.

Economics

Many products consumed by Americans are imported. Imports account for the largest share of which of the following products consumed by Americans?

What will be an ideal response?

Economics

If P were 7 and Q were 1,200, how much would MV be?

What will be an ideal response?

Economics