A monopolist's demand curve for its product is:
A) a kinked demand curve.
B) perfectly horizontal at the equilibrium market price.
C) the same as the market demand curve for the product.
D) downward sloping, but different from the market demand curve for the product.

Question

Quizplus · Accepted Answer

A monopolist faces the market demand curve directly because it is the sole supplier of the product in the market, making its demand curve the same as the market demand curve for the product.

A Monopolist's Demand Curve for Its Product Is