The demand curve facing a monopolist is always
A)the same as the industry demand curve.
B)perfectly inelastic.
C)perfectly elastic.
D)unit elastic.

Name: The demand curve facing a monopolist is always A)the same as the industry demand curve. B)perfectly inelastic. C)perfectly elastic. D)unit elastic.
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Question

Quizplus · Accepted Answer

The demand curve facing a monopolist is the same as the industry demand curve because the monopolist is the sole supplier in the market, thus facing the entire market demand.

The Demand Curve Facing a Monopolist Is Always