Which one of the following is true for a monopoly firm that operates at the level of output where MR = MC? – Ascendance Academy

Q.

1

A

IF AR > AC, there is abnormal profit for the firm.
B

IF AR = AC, there is abnormal profit for the firm.
C

IF AR > AC, the firm earns only normal profit.
D

IF AR ≤ AC, the firm earns only profit.