Just multiple questions

32. The pizza delivery industry may be considered monopolistically competitive. One of these rms raises its prices by 10%, but all the other pizzerias in the area maintain their current prices. Which of the following is most likely to occur? A. The pizza place with the new prices will not be able to sell any pizza, because it was the only firm to increase prices. B. The pizza place with the new prices will lose some of its customers to rivals. C. The pizza place with the new prices will increase their profits. D. The number of customers served by the pizza place with new prices will increase. 3 ' MC ATP: 0 MR 0 Quantity 33. The monopolistically competitive rm shown in the figure above: A. is in long run equilibrium. B. might realize an economic prot or a loss, depending on its choice of output level. C. cannot operate profitably, at least in the short run. D. can realize an economic prot. 34. TRUE or FALSE Oligopoly firms have very little market power because it is shared among rivals. 35. Which of the following is NOT an example of price discrimination? A. Airlines charging lower prices to travelers who stay overnight at least one night B. Student discounts at movie theatres C. Backto-school sales D. Discounted coffee for seniors at Dunkin' 36. The automobile, household appliance, and auto tire industries are illustrations of: A. oligopoly that produces a standardized or homogenous product B. monopolistic competition that produces a variety of products. C. monopoly where there are no close substitutes. D. oligopoly that produces a differentiated or heterogeneous product. 37. Which of the following are benefits associated with the oligopoly model? A. allocative efficiency l3. productive efficiency C. product variety and innovation D. few barriers to entry 38. TRUE or FALSE Monopolistically competitive rms may realize either prots or losses in the short run but realize normal profits in the long run