If Panama has a high opportunity cost of producing salmon steaks, then it should export salmon steaks

If the demand shifts, then for a profit maximizing monopolist,

A) price will change while quantity will remain constant. B) price will change and quantity will change. C) Both A and B. D) Neither A nor B.

Implicit collusion, where players do NOT have an explicit agreement

A) are strictly prohibited under antitrust laws. B) are not strictly prohibited under antitrust laws. C) results in cheating. D) maximizes total surplus in the market.