The nondiscriminating pure monopolist's demand curve
A)is the industry demand curve.
B)shows a direct or positive relationship between price and quantity demanded.
C)tends to be inelastic at high prices and elastic at low prices.
D)is identical to its marginal revenue curve.

Question

Quizplus · Accepted Answer

A nondiscriminating pure monopolist's demand curve is the industry demand curve because the monopolist is the only seller in the market, and thus faces the entire market demand.

The Nondiscriminating Pure Monopolist's Demand Curve