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.If both the perfectly competitive firm and the monopolist expand production from Q1 to Q2,their respective total revenues are represented by the areas __________ and __________.
A) (A + B + C +
E); (A + B + C +
B) (A + B + C + D +
E); (B +
C) (C + D +
E); (C +
D) (A + B +
E); (C + D +
E) (A + B + C +
E); (B +

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.If both the perfectly competitive firm and the monopolist expand production from Q1 to Q2,their respective total revenues are represented by the areas __________ and __________.
A) (A + B + C + 
E); (A + B + C + 
B) (A + B + C + D + 
E); (B + 
C) (C + D + 
E); (C + 
D) (A + B + 
E); (C + D + 
E) (A + B + C + 
E); (B +

Quizplus · Accepted Answer

The Answer of  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.If both the perfectly competitive firm and the monopolist expand production from Q1 to Q2,their respective total revenues are represented by the areas __________ and __________.
A) (A + B + C + 
E); (A + B + C + 
B) (A + B + C + D + 
E); (B + 
C) (C + D + 
E); (C + 
D) (A + B + 
E); (C + D + 
E) (A + B + C + 
E); (B +

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