3 If a monopoly's fixed costs increase, its price will __ and its profit wil l __...

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3 If a monopoly's fixed costs increase, its price will __ and its profit wil l __ .

a increase, decrease b decrease, increase c increase, stay the same d stay the same, decrease

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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