Question

The typical pattern of costs for a monopoly can be analyzed by using: I) total cost II) fixed cost III) variable cost IV) marginal cost V) average cost VI) average variable cost

Answer 1

ALL of the above

Explanation:

The pattern of cost for a monopoly can be analyzed within the same framework as the cost of a perfectly competitive firm, by using total cost, fixed cost, variable cost, marginal cost, average cost, average variable cost