In this diagram,D* represents the demand curve facing a monopolist and d** represents the demand curve facing a perfectly competitive firm.
-Refer to the diagram above.Assume that the current price is P1 and current production is Q1.Total revenue to the perfect competitor is equal to the area of __________ and the area of __________ for the monopolist.
A) (A +
B); (A +
B) A;B
C) (A +
B); (B +
D) (A + B +
C); (A + B + C +
E) (A -
B); (C + D -

Question

In this diagram,D* represents the demand curve facing a monopolist and d** represents the demand curve facing a perfectly competitive firm.
-Refer to the diagram above.Assume that the current price is P1 and current production is Q1.Total revenue to the perfect competitor is equal to the area of __________ and the area of __________ for the monopolist.
A) (A + 
B); (A + 
B) A;B 
C) (A + 
B); (B + 
D) (A + B + 
C); (A + B + C + 
E) (A - 
B); (C + D -

Quizplus · Accepted Answer

Total revenue to the perfect competitor is equal to the area of (A + B) and the area of (A + B) for the monopolist.

In This Diagram,D* Represents the Demand Curve Facing a Monopolist