If the Marginal Cost Curve Shifts Upward, a Profit-Maximizing, Nondiscriminating

Multiple Choice

If the marginal cost curve shifts upward, a profit-maximizing, nondiscriminating monopolist is likely to respond in the short run by

A) raising price and increasing output
B) raising price and decreasing output
C) keeping price constant and increasing output
D) reducing price and increasing output
E) shutting down