Like competitive firms, monopolies choose to produce a quantity in which marginal revenue equals marginal cost.
查看答案
Copyrights and patents are examples of barriers to entry that afford firms monopoly pricing powers.
A firm will shut down in the short run if revenue is not sufficient to cover all of its fixed costs of production.
If long-run average total cost is rising, then the firm is experiencing economies of scale.
Demand curve for a monopoly firm is the market demand curve.