If the demand for a monopoly's output shifts rightward, the ...

[sabina]

If the demand for a monopoly's output shifts rightward, the change in quantity produced is NOT predictable because
 
  A) the monopoly is a profit maximizer.
  B) the monopoly is a price taker.
  C) the monopoly has no supply curve.
  D) the monopoly's marginal cost curve might not be upward sloping.

Question 2

The perfectly competitive model makes a lot of fairly unrealistic assumptions. Why do economics textbooks still talk a lot about this model?
 
  A) Many markets are close to being perfectly competitive.
  B) It is an important model to use as a benchmark to compare other markets structures to.
  C) Perfectly competitive markets maximize societal welfare.
  D) All of the above.

[softEldritch]

Answer to Question 1

C

Answer to Question 2

D