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