The demand curve for a monopoly firm is often more inelastic than that for a perfectly competitive industry.

Name: The demand curve for a monopoly firm is often more inelastic than that for a perfectly competitive industry.
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A monopoly firm faces a downward-sloping demand curve, meaning it can influence prices, whereas a perfectly competitive industry has a perfectly elastic demand curve at the market price, making the monopoly's demand curve relatively more inelastic.

The Demand Curve for a Monopoly Firm Is Often More