Answer
C.
Price exceeds marginal cost
Work Step by Step
Since the demand curve is above MR, when a monopolist produces at MC=MR, the price at that quantity exceeds MC. At the monopolist' s price too, the MC is below Price.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 10 - Pure Monopoly - Quick Quiz for Figure 10.4 - Page 201: 4
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