What is the lowest price the monopolist can charge
...
What is the lowest price the monopolist can charge
P2
P1
P3
P4
Correct answer is A
The monopolist can charge P2 price and still make profit as long as he covers his AVC. Any price below price P2, the monopoly will run at loss or shut down.
Similar Questions
Identify one of the following which can NOT be used to close deflationary gap ...
What fundamentally determines how much a consumer spends in a producer's shop? ...
Contractionary monetary policy is used to ...
Monetary policy aimed at reducing demand-pull inflation in the country maybe carried out through ...
Economics is a social science which studies how ...
Long-run production is called ...
The greatest disadvantages of barter system is the need for ...
Which of the following is NOT a visible iterm in international trade payments?` ...
The investment expenditure of an economy changes by N2 million and MPC is 0.75 The multiplier is ...