The demand curve for a monopolist is:
A) perfectly elastic.
B) not relevant since the monopolist sets price.
C) the market demand curve.
D) perfectly inelastic.

Name: The demand curve for a monopolist is: A) perfectly elastic. B) not relevant since the monopolist sets price. C) the market demand curve. D) perfectly inelastic.
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Question

Quizplus · Accepted Answer

A monopolist faces the market demand curve because it is the sole producer in the market, meaning it can set the price but is constrained by the demand curve.

The Demand Curve for a Monopolist Is