For a monopoly, the demand curve _____.
A) is highly responsive to price changes
B) lies below the marginal revenue curve
C) intersects the average total cost curve at its minimum point
D) is the same as the market demand curve

Question

Quizplus · Accepted Answer

In a monopoly, the firm is the sole provider of a good or service, making its demand curve the same as the market demand curve, since there are no other firms from which consumers can purchase that good or service.

For a Monopoly, the Demand Curve _____