The demand curve for a monopoly is:
A)the marginal cost curve above the minimum average variable cost.
B)the horizontal sum of individual firms' demand curves.
C)the marginal revenue curve above marginal cost.
D)the industry demand curve.

Question

Quizplus · Accepted Answer

Monopolies face the industry demand curve directly because they are the sole provider of a good or service in the market, unlike in competitive markets where demand is split among various firms.

The Demand Curve for a Monopoly Is