The demand curve confronting a nondiscriminating pure monopolist is
A)horizontal.
B)the same as the industry's demand curve.
C)more elastic than the demand curve confronting a competitive firm.
D)derived by vertically summing the individual demand curves for the buyers.

Question

Quizplus · Accepted Answer

A nondiscriminating pure monopolist faces the market demand curve directly because they are the sole provider of a good or service in the market, making their demand curve the same as the industry's demand curve.

The Demand Curve Confronting a Nondiscriminating Pure Monopolist Is