The monopolist's cost curves differ from those of a perfectly competitive firm in that the:
A) marginal cost curve is downward sloping instead of flat.
B) average total cost curve is not necessarily minimized where it crosses marginal cost.
C) average variable cost in no longer equal to marginal cost.
D) The cost curves are the same for a firm regardless of market structure.

Question

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The Answer of The monopolist's cost curves differ from those of a perfectly competitive firm in that the:
A) marginal cost curve is downward sloping instead of flat.
B) average total cost curve is not necessarily minimized where it crosses marginal cost.
C) average variable cost in no longer equal to marginal cost.
D) The cost curves are the same for a firm regardless of market structure.

The Monopolist's Cost Curves Differ from Those of a Perfectly