If a monoply fixed costs increase,its price will________and its profit will______. a.increase,decrease b.decrease,increase c.increase,stay the same d.stay the same,decrease

If a monoply fixed costs increase,its price will__and its profit will. a.increase,decrease b.decrease,increase c.increase,stay the same d.stay the same,decrease

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Firms In Competitive Markets

Section: Chapter Questions

Problem 7PA

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If a monoply fixed costs increase,its price will________and its profit will______.

a.increase,decrease

b.decrease,increase

c.increase,stay the same

d.stay the same,decrease

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