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What can be said about whether a monopolist will operate at the minimum of her ATC curve? multiple choice Monopolists never produce at the minimum
What can be said about whether a monopolist will operate at the minimum of her ATC curve?
multiple choice
- Monopolists never produce at the minimum of ATC
- Monopolists only produce at the minimum of ATC in the long run
- Monopolists can produce at the minimum of ATC if the profit-maximizing level of output happens to occur at this point.
- Monopolists always produce at the minimum of ATC
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