If pizza used to be produced in a perfectly competitive market, ...

[craiczarry]

If pizza used to be produced in a perfectly competitive market, and now the pizza market has become a monopoly, we can expect:
 a. less pizza to be sold at a higher price.
  b. more pizza to be sold at a higher price.
  c. less pizza to be sold at a lower price.
  d. more pizza to be sold at a lower price.
  e. the same amount of pizza to be sold at the same price.

Question 2

Marginal utility measures the increase in total utility you derive from consuming one more unit of a good.
 a. True
  b. False
  Indicate whether the statement is true or false

[daiying98]

Answer to Question 1

a

Answer to Question 2

True