2009
Economics
JAMB
If a monopolist is incurring short–run losses, this means that his
A.
selling price is above the short–run marginal cost
B.
selling price is below the short–run marginal cost
C.
average revenue is greater than marginal revenue
D.
average revenue is less than marginal revenue
Correct Answer: selling price is below the short–run marginal cost
Explanation
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