If a monopolist is incurring short-run losses, this means that his

Economics JAMB 2009

If a monopolist is incurring short-run losses, this means that his

  • selling price is above the short-run marginal cost
  • selling price is below the short-run marginal cost checkmark
  • average revenue is greater than marginal revenue
  • average reveune is less than marginal revenue

The correct answer is: B

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