The demand curve facing a monopolist is always:
A)the same as the industry's demand curve.
B)perfectly elastic.
C)unit-elastic.
D)perfectly inelastic.

Name: The demand curve facing a monopolist is always: A)the same as the industry's demand curve. B)perfectly elastic. C)unit-elastic. D)perfectly inelastic.
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Question

Quizplus · Accepted Answer

The demand curve facing a monopolist is the market demand curve because the monopolist is the only supplier in the market. Therefore, the monopolist faces the same demand curve as the industry.

The Demand Curve Facing a Monopolist Is Always