As output increases in a monopoly, the firm’s total revenue:

May 10, 2021 – by admin

Question:

As output increases in a monopoly, the firm’s total revenue:

A.

first increases and then decreases

B.

first decreases and then increases

C.

increases continuously

D.

decreases continuously

Answer» a. first increases and then decreases

Note:

The above multiple-choice question is for all general and Competitive Exams in India.