On the Above Graph,if the Oligopolist's MC Curve Shifts from MC₁

question 173

Multiple Choice

On the above graph,if the oligopolist's MC curve shifts from MC₁ to MC₂,the firm will charge:

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

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