If the Marginal Cost of Production for a Profit-Maximizing Monopolist

question 116

Multiple Choice

If the marginal cost of production for a profit-maximizing monopolist increases suddenly in the short run,it will _____

• A)lower price to expand revenue possibilities.
• B)restrict output to extract a higher price from customers.
• C)continue to charge the same price.
• D)increase plant size to lower marginal cost.
• E)decrease plant size to lower marginal cost.

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