21 Jul WHAT ABOUT FOR LONG RUN?
Suppose Alexs Melodica shoppe is a non-price discriminating monopolist and is producing his profit- Show more Suppose Alexs Melodica shoppe is a non-price discriminating monopolist and is producing his profit-maximizing level of output. Suppose further that at his current level of output Alexs average total cost is $300 his average fixed cost is $250 and his marginal revenue is $200. It can be concluded with certainty that the price of a melodica is ______ in the short run. **most important please include how you find the answer a) greater than or equal to 300 b) greater than 200 c)greater than 250 D)equal to 200 e)greater than or equal to 200 What about for Long run? Show less
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