题目内容

At the quantities where the marginal cost curve intersects the average variable cost (AVC) curve and the average total cost (ATC) curve, respectively:

AVC and ATC are at their minimum points
B. AVC is at its minimum point and ATC is increasing
C. ATC is at its minimum point and AVC is decreasing

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Which of the following most likely describes a loss that consumers suffer under an unregulated monopoly compared to a competitive market?

A. Monopolies produce less goods than a competitive market would
B. Costs of production are higher with monopolies
C. Monopolists charge the maximum price

A manufacturing plant exhibits diseconomies of scale if long-run average cost (LRAC) is:

A. decreasing as output increases, and the plant is at its minimum efficient scale if LRAC is at its lowest level.
B. decreasing as output increases, and the plant is at its minimum efficient scale if LRAC is decreasing over the entire range of output.
C. increasing as output increases, and the plant is at its minimum efficient scale if LRAC is at its lowest level.

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