. (2 points) Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don’t need to have exact answers but explain the direction of change in 4 the demand and/or marginal cost curves. a. (0.5 points) beef prices rise. b. (0.5 points) there is an economic recession and wages fall c. (0.5 points) Selena Gomez opens a competing restaurant. d. (0.5 points) A local restaurant reviewer praises the quality of Ella’s boeuf
(2 points) Moving Equilibrium.
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