ECON-1010-B1/B2-Introduction to Microeconomics Course Materials & Test Answers | moodle.uleth.ca

An average cost pricing rule sets ________ equal to average total cost. An average cost pricing rule is not an efficient way of regulating monopoly because at the quantity produced, ________.

the return on capital; marginal benefit exceeds marginal cost

marginal cost; marginal cost exceeds marginal benefit

marginal cost; marginal benefit exceeds marginal cost

50%

price; marginal benefit exceeds marginal cost

50%

price equal to marginal revenue, which in long-run equilibrium is; marginal cost exceeds marginal benefit

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ECON-1010-B1/B2-Introduction to Microeconomics

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