The nondiscriminating monopolist's demand curve
A)is less elastic than a purely competitive firm's demand curve.
B)is perfectly elastic.
C)coincides with its marginal revenue curve.
D)is perfectly inelastic.

Question

Quizplus · Accepted Answer

A nondiscriminating monopolist faces a downward-sloping demand curve, meaning its products have some degree of price elasticity, unlike a purely competitive firm, which faces a perfectly elastic demand curve due to the presence of many substitutes.

The Nondiscriminating Monopolist's Demand Curve