If a monopolist is incurring short-run losses t... - JAMB Economics 2009 Question
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 reveune is less than marginal revenue
correct option: b
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