A monopoly:
A) will never leave the industry since it is always in a position to earn a profit.
B) will leave the industry if fixed costs exceed variable costs.
C) will leave the industry if marginal revenue is less than average total cost.
D) will leave the industry if variable costs exceed total revenue.

Question

Quizplus · Accepted Answer

A monopoly will leave the industry if variable costs exceed total revenue because it would be unable to cover its variable costs, leading to losses.

A Monopoly