A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a ?

Related Mcqs:

In monopoly when abnormal profits are made ?

A. The price set is greater than the marginal cost B. The price is less than the average cost C. The average revenue equals the marginal cost D. Revenue equals total cost...

Barriers to entry do not include ?

A. Patents B. Internal economies of scale C. Mobility of resources D. High investment costs...

A monopoly is able to continue to generate economic profits in the long run because ?

A. there is some barrier to entry to that market B. Potential competitors sometimes don’t notice the the profits. C. the monopolist is financially powerful. D. antitrust laws eliminate competitors for a specified number of years. E. of all of the things described in these answers...

Which of the following is a characteristic of pure monopoly ?

A. One seller of the product B. low barriers to entry C. close substitute products D. perfect information...

Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?

A. Cause the monopolist to exit the market B. improve efficieny C. raise the price of good D. attract additional firms to enter the market...