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B. shift to the right<br />
C. remain the same<br />
D. none of the<br />
above<br />
Question 2 of 402.5/ 2.5 Points<br />
When a second firm enters a monopolist's market, the monopolist's marginal revenue curve will<br />
__________ .<br />
A. shift to the left as its initial demand curve shifts to the left<br />
B. shift to the right as its initial demand curve shifts to the<br />
right<br />
C. remain the same<br />
D. none of the above<br />
Question 3 of 402.5/ 2.5 Points<br />
When there are just a few firms in an industry, the industry structure is most likely to be<br />
__________ .<br />
A. a perfectly competitive<br />
industry<br />
B. an oligopoly market<br />
C. a monopoly market<br />
D. a natural monopoly market<br />
Question 4 of 400.0/ 2.5 Points<br />
When a few firms sell similar products in a market, the market structure is most likely to be<br />
__________ .
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