A monopolist's demand curve implies that
A)the monopolist is a price taker.
B)the monopolist is a price maker.
C)it has nothing to do with the amount a monopolist can sell.
D)it can be downward sloping or horizontal depending on the price.

Question

Quizplus · Accepted Answer

A monopolist has the power to set the price of their product or service, making them a price maker rather than a price taker. The demand curve for a monopolist will slope downward, indicating that as the price of the good or service increases, the quantity demanded will decrease.

A Monopolist's Demand Curve Implies That