Use the Following to Answer Question

question 171

Multiple Choice

Use the following to answer question:
Figure: The Market for Gas Stations
-(Figure: The Market for Gas Stations) Use Figure: The Market for Gas Stations.The figure shows curves facing a typical gas station in a large town.The market is characterized by many firms,differentiated products,easy entry,and easy exit.If the gas station shown here were to raise its price above the profit-maximizing price,the outcome would be _____ in total revenue.

• A)a reduction
• B)an increase
• C)no change
• D)Not enough information is given to answer the question.

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Definitions:

Endocrine System

A network of glands in the body that secrete hormones directly into the circulatory system to regulate metabolism, growth, and development.

Immune System

The body's defense against infectious organisms and other invaders.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the rest of the body and returns carbon dioxide from the tissues back to the lungs.

Anticoagulant Therapy

Medical treatment that prevents blood clots from forming, often used in patients with certain cardiovascular conditions.