Which of the following is characteristic of a pure monopolist's demand curve?
A) Average revenue is less than price.
B) Its elasticity coefficient is 1 at all levels of output.
C) Price and marginal revenue are equal at all levels of output.
D) It is the same as the market demand curve.

Question

Quizplus · Accepted Answer

A pure monopolist's demand curve is the same as the market demand curve because the monopolist is the sole provider of the good or service in the market.

Which of the Following Is Characteristic of a Pure Monopolist's