If a Monopolist's Marginal Costs Increase by $1 for All

question 110

Multiple Choice

If a monopolist's marginal costs increase by $1 for all levels of output,then

• A) the monopoly price will rise by $1.
• B) the monopoly price will rise by more than $1.
• C) the monopoly price will rise by less than $1.
• D) there is no change in the monopoly price and profits fall.

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