A monopoly's demand curve is less elastic than a perfect competitor's demand curve.

Name: A monopoly's demand curve is less elastic than a perfect competitor's demand curve.
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A monopoly's demand curve is less elastic because it is the only supplier in the market and has the power to set prices, whereas a perfect competitor faces a perfectly elastic or flat demand curve because it has no market power and must take the market price.

A Monopoly's Demand Curve Is Less Elastic Than a Perfect