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Author Question: The total revenue curve of a monopolist is: a. U-shaped. b. inverted U-shaped. c. upward sloping. ... (Read 93 times)

asd123

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on: Jun 30, 2018
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.


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zacnyjessica

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

a


asd123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Jsherida

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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