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== Final Exam ==
== Final Exam ==
Mr. Schlafly could you explain the conditions for a monopoly to shut down?
Mr. Schlafly could you explain the conditions for a monopoly to shut down?
Daniel Nicoloso (yes, I'm back from vacation and just in time for the final)
Daniel Nicoloso (yes, I'm back from vacation and just in time for the final)
:Daniel, lecture ten says:
::A monopoly shuts down in the short run if when MR = MC, AVC > P.
::A monopoly shuts down in the long run if when MR = MC, ATC > P.
:Hope that helps. ~ <font color="Turquoise">[[User:SharonS|Sharon]]<sup>[[User talk:SharonS|Talk]]</sup></font> 16:23, 23 May 2007 (EDT)