All four market forms discussed in the text maximize profit where

On average, prices rise __% in that typical 12-day shopping window

Fill in the blank(s) with the appropriate word(s).

Brad ate four bags of chips at the baseball game. The first bag tasted best, but he found that as he ate more chips the amount of extra satisfaction he was receiving was beginning to fall. This would demonstrate

A) the law of total utility maximization. B) the law of zero utility. C) the law of diminishing marginal utility. D) the law of diminishing costs.