In the figure above, point B is ________

If a duopoly has reached the monopoly outcome, a firm can increase its profit if it and it alone ________ its price and ________ its production

A) raises; increases B) raises; decreases C) lowers; increases D) lowers; decreases E) raises; does not change

In the short run, a constant (as a percentage of profits) corporate income tax imposed on a monopolist will _____

a. cause capital to flee the industry b. cause output to fall c. leave output unchanged d. cause output to rise