In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is

Related MCQs

• If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm
• A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginal revenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is
• A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still
• If a perfectly competitive firm finds that the profit maximizing output level occurs where price is equal to marginal cost but is less than average variable cost
• A firm may decide to shut down in the short run
• If the monopolist incurs losses in the short run, then in the long run
• If the monopolist incurs loss in the short run, then in the long run
• For a monopolist, marginal revenue is always less than price because
• Marginal revenue for a monopolist is equal to