Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.

With perfect price discrimination, the quantity of output produced by a monopoly is ________ the quantity produced by a perfectly competitive industry

A) greater than but not equal to B) less than C) equal to but not greater than D) not comparable to E) either greater than or equal to

A firm that is the only seller of a good or service that does not have a close substitute is called

A) a monopoly. B) a market maker. C) a price maker. D) an oligopolist.