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Question

For a monopolist, the total revenue (TR) _________.


A

is directly related to the quantity

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B

is negatively related to the quantity

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C

first increases and then decreases with increasing quantity

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D

first decreases and then increases with increasing quantity

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Solution

The correct option is C

first increases and then decreases with increasing quantity


For a monopolist, the total revenue (TR) first increases and then decreases with an increase in the quantity.


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