If a monopolistically competitive firm's marginal cost curve shifts upward, then the amount of output it produces
A) increases.
B) stays the same.
C) decreases.
D) could increase, decrease, or stay the same but more information is needed.
C
Economics
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Information technologies are a ________ for low-skilled labor and a ________ for high-skilled labor
A) substitute; substitute B) complement; complement C) substitute; complement D) complement; substitute
Economics
In a market with a binding price control, a. there is an imbalance between the quantity supplied by sellers and the quantity demanded by buyers. b. the costs of production are fully reflected in the price paid
c. the price observe reflects the scarcity of the good. d. all of the above are true.
Economics