Managerial Economics

1:

When a monopolist is in

A.

Long-run equilibrium, he may or may not be in short-run equilibrium

B.

Long-run equilibrium, he will also be in short-run equilibrium

C.

Short-run equilibrium, he will also be in long-run equilibrium

D.

None of the above

 

Answer : B

Explanation :

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Option: A

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