An Increase in the Fixed Costs of a Monopoly Firm

question 76

Multiple Choice

An increase in the fixed costs of a monopoly firm would _______ price and _______ quantity in the short run.

• A) increase; decrease
• B) increase; increase
• C) not change; not change
• D) do none of the above

---

Definitions:

Criticisms

The expression of disapproval based on perceived faults or mistakes, or the analysis and judgment of the merits and faults of a literary or artistic work.

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, and appearance.

Microsociology

The level of analysis that studies face-to-face and small-group interactions in order to understand how they affect the larger patterns and structures of society.

Macrosociology

The level of analysis that studies large-scale social structures in order to determine how they affect the lives of groups and individuals.