For a Firm That Uses Mark- Up Pricing and Aims

Multiple Choice

For a firm that uses mark- up pricing and aims to achieve a particular level of total profit, its supply curve will be

A) parallel to its average (total) cost curve.
B) impossible to determine as long as the firm has market power.
C) parallel to its demand curve.
D) above its average (total) cost curve, but getting closer to it as output increases.
E) parallel to its average variable cost curve.