In the Short Run, How Will a Profit-Maximizing Monopolist React

question 84

Multiple Choice

In the short run, how will a profit-maximizing monopolist react if its marginal cost suddenly increases? It will

• A)lower price to expand revenue possibilities
• B)restrict output to extract a higher price from customers
• C)maintain the current price if profit is still positive
• D)increase plant size to lower marginal cost
• E)decrease plant size to lower marginal cost

---

Definitions:

Job Referral Services

Services designed to connect job seekers with potential employers, often using networks or databases of job openings.

Job Search Assistance

Services or resources provided to individuals to help them find and secure employment.

Outplacement

A support service provided by some organizations to help former employees transition to new jobs after layoffs or job loss.

Outplacement

Outplacement is a support service provided by some organizations to help former employees transition to new jobs following layoff or job loss.