If oligopolistic firms (think OPEC) banded together with the intention of acting like a monopoly, it would likely result in their being able to,

	hold down output in the short run and raise prices in the short run
	increase output in the short run and raise prices in the short run
	lead to more firms in the market
	both a and c

If a monopoly raises their prices, the ______ curve will shift to the ______________.

	Demand, left
	Demand, right
	Supply, left
	Supply right

Since there are __________, the demand curve facing a monopolistically competitive firm is more ____________than that of a monopoly.

	no substitutes; elastic
	complements; inelastic
	substitutes; elastic
	substitutes; inelastic

An oligopolist will not be impacted by the choices of other firms in the market, such as output, price, and advertising.

	True
	False