The demand curve for an individual monopolist:
A) Does not exist.
B) Slopes upward to the right.
C) Is the same as the market demand curve.
D) Is the same as the marginal revenue curve.

Name: The demand curve for an individual monopolist: A) Does not exist. B) Slopes upward to the right. C) Is the same as the market demand curve. D) Is the same as the marginal revenue curve.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

A monopolist faces the market demand curve as its own demand curve because it is the only seller in the market.

The Demand Curve for an Individual Monopolist