The monopolist faces a demand curve that is
A) horizontal.
B) less elastic than the market demand curve for the product.
C)upward sloping to the right.
D)equal to its marginal revenue curve.
E)identical to the industry demand curve.

Question

Quizplus · Accepted Answer

A monopolist is the sole producer in the market, so it faces the entire market demand curve, which is identical to the industry demand curve.

The Monopolist Faces a Demand Curve That Is