Which of the following is true of a monopolist's demand curve?
A) It is perfectly elastic.
B) It is perfectly inelastic.
C) It indicates that the monopolist will be able to sell more units at a higher price.
D) It is identical with the industry demand curve for the product.

Question

Quizplus · Accepted Answer

A monopolist's demand curve is the same as the market demand curve for the product because the monopolist is the sole producer in the market.

Which of the Following Is True of a Monopolist's Demand