The demand curve facing a monopolist is
A)horizontal at the market price.
B)identical to the market demand curve for the good.
C)exactly twice as steep as the market demand curve for the good.
D)vertical because there are no competitors.

Question

Quizplus · Accepted Answer

The demand curve facing a monopolist is identical to the market demand curve for the good because the monopolist is the sole producer and seller of the good, and therefore, the market demand is the same as the demand for the monopolist's product.

The Demand Curve Facing a Monopolist Is