The demand curve facing a monopolist is
A)perfectly elastic.
B)identical the demand curve for a perfectly competitive firm.
C)perfectly inelastic.
D)downward sloping.

Question

Quizplus · Accepted Answer

The demand curve facing a monopolist is downward sloping because a monopolist is the only seller of a particular good or service, giving them the power to set their own price. As the price increases, the quantity demanded by consumers decreases, resulting in a downward sloping demand curve.

The Demand Curve Facing a Monopolist Is