The total revenue curve of a monopolist: A) is positively ...

[altibaby]

The total revenue curve of a monopolist:
 
  A) is positively sloped when marginal revenue is negative.
  B) is negatively sloped when marginal revenue is negative.
  C) is positively sloped when the marginal revenue curve is upward sloping.
  D) is negatively sloped when the marginal revenue curve is downward sloping.

Question 2

Which of the following statements is true of competitive market equilibrium?
 
  A) The determination of equilibrium price and quantity is independent of the demand for goods.
  B) Social surplus is minimized at the competitive equilibrium.
  C) At the competitive equilibrium, there are no unexploited gains from trade.
  D) A competitive equilibrium is determined only by a few large sellers in the market.

[Sweetkitty24130]

Answer to Question 1

B

Answer to Question 2

C

[altibaby]

Thank you

[Sweetkitty24130]

Happy to help you