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Suppose a monopolists demand curve lies below its average variable cost curve. The firm will: a. stay in operation in the short run. b. earn an economic profit. c. earn an economic profit in the

Suppose a monopolists demand curve lies below its average variable cost curve. The firm will:

a. stay in operation in the short run.

b. earn an economic profit.

c. earn an economic profit in the long run.

d. shut down

May 12 2021 View more View Less

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