Question

What is the usual shape of a total revenue curve for a monopolist? Why?

Short answer

The minor income bend for a monopolist is ordinarily descending slanting. This is on the grounds that even an imposing business model cannot drive shoppers to purchase its items regardless the cost.

Step-by-step solution

Content Introduction

A monopoly is a situation in which one firm produces all the output in a market. A restraining infrastructure is what is happening in which one firm delivers all the result in a market. A monopolist is a cost producer. The cost of the items in light of the interest on the lookout.

Content Explanation

The standard state of an absolute income bend for a monopolist is it increments arrives at its pinnacle and afterward diminishes on the grounds that bigger amounts of result must be sold at lower costs. At the point when the amount requested diminishes, the cost charged is higher and when the amount requested builds, the cost charged is lower. At some middle of the road level, the complete income bend arrives at its pinnacle.