The monopoly can shift the demand for its product rightward by
A) accommodating entry.
B) advertising new uses for its product.
C) moving along the learning curve.
D) All of the above.

Question

Quizplus · Accepted Answer

Advertising new uses for its product can shift the demand curve to the right as it can increase consumer interest and expand the product's market. Accommodating entry would increase competition, not demand for the monopoly's product specifically. Moving along the learning curve relates to reducing costs over time through gained efficiency, not directly increasing demand.

The Monopoly Can Shift the Demand for Its Product Rightward