For the monopoly firm, its demand curve is
A)perfectly inelastic.
B)the market demand curve.
C)perfectly elastic.
D)necessarily unit elastic.
E)none of the above

Name: For the monopoly firm, its demand curve is A)perfectly inelastic. B)the market demand curve. C)perfectly elastic. D)necessarily unit elastic. E)none of the above
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Question

Quizplus · Accepted Answer

A monopoly firm faces the market demand curve because it is the only seller in the market, and thus, the entire market demand is directed towards its product.

For the Monopoly Firm, Its Demand Curve Is