If the Marginal Cost Curve Shifts Upward,a Profit-Maximizing Monopolist That

question 177

Multiple Choice

If the marginal cost curve shifts upward,a profit-maximizing monopolist that does not practice price discrimination is likely to respond in the short run by _____

• A)raising price and increasing output.
• B)raising price and decreasing output.
• C)keeping price constant and increasing output.
• D)reducing price and increasing output.
• E)shutting down.

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Definitions:

Omnivores

Organisms that obtain their energy and nutrients from a diet made up of both plant and animal substances.

Carnivores

Organisms that primarily feed on flesh from other animals.

Herbivores

Organisms that primarily eat plants and vegetation.

Primary Producers

Organisms, typically plants, algae, and certain bacteria, that produce organic compounds from carbon dioxide and water using sunlight energy through photosynthesis, forming the base of the food chain.