In the short-run, when a simple monopoly firm attains equilibrium and earns only normal profit, its level of output will correspond to :
| A. | Lowest average cost |
| B. | Average cost above optimum level of output |
| C. | Average cost equals marginal cost |
| D. | Marginal cost much below average cost |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
