Time left 1:12:56 There is no limit to the price a wealth-maximizing price-searcher can charge. Select one: True O False The fact that firms charge identical prices for a product is sufficient evidence that the industry is composed of price-takers. Select one: True O False If demand conditions remain the same but variable costs rise because the value of alternative uses of resources rises, then Select one: O a. the price-searcher merely sets a higher price to make up for his increase in costs. O b. the wealth-maximizing output will be smaller, and profits will be higher. O c. price-searchers will continue to charge the same price, and wealth will be maximized at this output. O d. the price of the good rises because marginal cost is now higher and equals marginal revenue at a lower output