A monopolist will shut down in the short run if:
A)marginal revenue is less than price.
B)price is less than marginal revenue.
C)total revenue is less than total fixed cost.
D)total revenue is less than total variable cost.
E)marginal revenue is less than marginal cost.

Question

Quizplus · Accepted Answer

A monopolist will shut down in the short run if total revenue is less than total variable cost because it cannot cover its variable costs, leading to losses greater than its fixed costs.

A Monopolist Will Shut Down in the Short Run If