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Economics (AS & A Level) · May / June 2021 · Paper 31 · Question 11

9708Different market structures

The diagram shows the demand curve for a firm's product. Which diagram shows the shape of the firm's total revenue (TR) curve?

  1. Arevenue-output graph: horizontal line
  2. Brevenue-output graph: curve rising then falling
  3. Crevenue-output graph: straight line through origin
  4. Drevenue-output graph: curve rising with increasing slope

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Correct answer: C. revenue-output graph: straight line through origin

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