The total revenue curve for a monopolist will
A. start high, rise, and then decline.
B. start low, decline, and then rise.
C. start high, decline, and then rise.
D. start low, rise, and then decline.
Answer:D
The total revenue curve for a monopolist will
A. start high, rise, and then decline. B. start low, decline, and then rise. C. start high, decline, and then rise. D. start low, rise, and then decline.
Explanation: 58. The figure below shows the demand curve and the long run average cost curve for an electric company.