The demand curve a monopolist faces is _____
A)the same as the demand curve facing a perfectly competitive firm.
B)positively sloped, as it produces a highly differentiated product.
C)vertical, as there are no close substitutes for its product.
D)the same as the market demand curve.
E)perfectly price inelastic.

Question

Quizplus · Accepted Answer

The demand curve a monopolist faces is the same as the market demand curve because the monopolist is the sole provider of the product or service in the market, hence facing the entire market demand alone.

The Demand Curve a Monopolist Faces Is _____