A single-price monopolist's demand curve
A)is its marginal revenue curve.
B)shows that demand for the good is perfectly elastic.
C)is the same as the market demand curve.
D)shows that demand for the good is perfectly inelastic.
E)is horizontal.

Question

Quizplus · Accepted Answer

A single-price monopolist faces the entire market demand, meaning its demand curve is the same as the market demand curve for its product.

A Single-Price Monopolist's Demand Curve