An Increase in Marginal Cost That Remains Within the Gap

question 80

Multiple Choice

An increase in marginal cost that remains within the gap of the marginal revenue curve of a kinked demand oligopolist will:

• A) keep price and output the same.
• B) raise price and decrease output.
• C) lower price and increase output.
• D) raise price and raise output.
• E) lower price and lower output.

---

Definitions:

Facility Closed

The process or state of shutting down operations and ceasing activities in a particular building or location.

Laid Off

It denotes the termination of employment by an employer against the wishes of the employee, often due to economic downturns or company restructuring.

Survivor Syndrome

Emotional and psychological effects experienced by employees who remain in an organization after significant layoffs or restructurings, often including guilt or increased stress.

The Glass Ceiling

A metaphor referring to an invisible barrier that stops the career advancement of women and minorities, especially to top leadership positions.