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-If a Monopolist and a Pure Competitor Each Had Its

Question 163

Multiple Choice

  -If a monopolist and a pure competitor each had its marginal cost and marginal revenue equal at point A in this figure, the monopolist: A)  and the pure competitor would both break even. B)  and the pure competitor would both earn an economic profit. C)  would break even and the pure competitor would earn an economic profit. D)  would earn an economic profit and the pure competitor would break even.
-If a monopolist and a pure competitor each had its marginal cost and marginal revenue equal at point A in this figure, the monopolist:


A) and the pure competitor would both break even.
B) and the pure competitor would both earn an economic profit.
C) would break even and the pure competitor would earn an economic profit.
D) would earn an economic profit and the pure competitor would break even.

Correct Answer:

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