On the Graph, If the Oligopolist's MC Curve Shifts from MC

question 186

Multiple Choice

On the graph, if the oligopolist's MC curve shifts from MC ₁ to MC ₂, the firm will charge

• A)a higher price than before and total revenue will increase.
• B)the same price as before and sell more output; total revenue will increase.
• C)the same price as before and sell the same amount of output; total revenue will remain the same.
• D)a higher price than before and sell less output; it can't be determined whether total revenue will change.

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Job Analysis Form

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