Answer to Question #49282 in Microeconomics for Bradly
Question #49282
Suppose that a monopolist finds itself to be operating at a break-even point. It follows that its:
i. total revenue is equal to total variable cost
ii. total revenue is equal to total cost
iii. average revenue is equal to average variable cost
iv. average revenue is equal to average total cost
i. total revenue is equal to total variable cost
ii. total revenue is equal to total cost
iii. average revenue is equal to average variable cost
iv. average revenue is equal to average total cost
Expert's answer
Right answer is ii and iv
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