Question: 
A monopolist will earn normal profit when—
Average cost(AC) = Marginal revenue(MR)
Average revenue(AR) = Marginal revenue(MR)
Average cost(AC) = Average revenue(AR)
Average revenue(AR) = Marginal cost(MC)
Average cost(AC) = Average revenue(AR)
Answer: 
Average cost(AC) = Average revenue(AR)
Last Updated: 
08/11/2021 - 09:23