The total revenue curve of a monopolist is: a. U-shaped. b. ...

[asd123]

The total revenue curve of a monopolist is:
 a. U-shaped.
  b. inverted U-shaped.
  c. upward sloping.
  d. downward sloping.

Question 2

A local monopoly is a firm that:
 a. is the sole supplier of a good, without substitutes, in a specific geographic area.
  b. is one of the suppliers of a good in a specific geographic area.
  c. supplies all the products needed by consumers in a country.
  d. produces to meet the requirement of only one consumer.
  e. is one of the suppliers of a good that has a lot of substitutes, in a specific geographic area.

[zacnyjessica]

Answer to Question 1

B

Answer to Question 2

a

[asd123]

Wow, this really help

[carlsona147]

Thanks for the timely response, appreciate it