Suppose a monopolist's costs and revenues are as follows: ATC = $50; MC = $35; MR = $40; P = $55. The firm should

Question 22 options:

A)increase output and decrease price.

B)decrease output and increase price.

C)not change output or price.

D)shut down.

Megan listens to rap music because her friends do. This is

Question 40 options:

A)collusion.

B)a positive-sum game.

C)positive market feedback.

D)negative market feedback.

Which of the following is closest to a perfectly competitive market?

Question 2 options:

A)the market for bread

B)the market for sugar

C)the market for fast food

D)the soda pop market