Because the demand curve for a monopolist is downward-sloping:
A) there is no limit on the monopolist's ability to make a profit.
B) the monopolist can sell its product at any price it wants.
C) the monopolist can sell as many units of its product as it wants.
D) the monopolist is a price-taker.
E) the monopolist has many price-output combinations.

Question

Quizplus · Accepted Answer

A downward-sloping demand curve means that the monopolist can choose from various price-output combinations, balancing between higher prices with lower quantities sold or lower prices with higher quantities sold.

Because the Demand Curve for a Monopolist Is Downward-Sloping