f.edu 3 Quiz O li and ii 2 pts D Question 11 P, it may be If a firm is producing

Question

f.edu 3 Quiz O li and ii 2 pts D Question 11 P, it may be If a firm is producing a level of output such that ATC concluded that: O it will incur a loss O its profits will be zero O it will incur a profit O it should shut down and only pay its fixed costs 2 pts D Question 12 Under which of the following situations would a monopoly increase its per- period total profits by reducing output: O if it were producing a level of output such that MC- MR O if it were producing a level of output such that MC e MR

Explanation / Answer

Only question 11 is visible and so answering only that. The correct answer is A. When ATC>P there are losses being made. The correct answer is thus A.

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