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
1
Expert's answer
2014-11-25T10:04:48-0500
Right answer is ii and iv

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