liscriminating monopoly businesses, to which you, having taken some economic eply, "A perfect price discriminating monopoly may convert all of the consumer urplus to monopoly profit, but at least it produces DA. more output than a competitive industry would produce. OB. the same output that a competitive industry wóuld produce. OC. at the minimum of its average total cost (ATC) curve. OD. where its marginal cost (MC) curve is still declining.

describe(s) a type of barrier to entry for a monopoly in which one firm can operate more efficiently than two or more firms. O A. Copyrights B. Patents C. Economies of scale D. Price discrimination

There is no shut-down rule for a monopoly because a monopoly always makes an economic profit. OA. True OB. False

Price Panel B D KEL Quantity Price Price Panel A D Quantity Panel D D Quantity Price Panel C All the answers are correct. D Quantity Use the figure above. Which of the following statements is correct? O Panel B represents the typical demand curve for a perfectly competitive firm. O Panel A represents the typical demand curve for a perfectly competitive market. O Panel A represents the typical demand curve for a monopoly.