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If the Demand for a Monopoly's Output Shifts Leftward, the Change

Question 24

Multiple Choice

If the demand for a monopoly's output shifts leftward, the change in quantity produced is NOT predictable because the monopoly

A) is a profit maximizer.
B) is a price taker.
C) has no supply curve.
D) has a marginal cost curve that might not be upward sloping.

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