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Author Question: A monopolist always ________ if its ATCschedule is everywhere above its demand schedule. (Read 55 times)

asmith134

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on: Apr 19, 2019

Question 1

A monopolist will 
not change its current behavior


◦ even if total revenue does not cover variable costs.
◦ unless it earns positive economic profits in the long run.
◦ unless demand is greater than marginal revenue.
◦ if it earns positive economic profits in the long run.

Question 2

A monopolist always ________ if its 
ATC schedule is everywhere above its demand schedule.


◦ shuts down
◦ breaks even
◦ suffers a loss
◦ earns a positive profit
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by asmith134 on Apr 19, 2019

iceage

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asmith134

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Reply #2 on: Apr 19, 2019
Thank you!


iceage

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Reply #3 on: Apr 19, 2019
Always glad to help...


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