The demand curve for a monopolist is
A) the industry demand curve.
B) the same as the demand curve for a perfectly competitive firm.
C) a perfectly inelastic demand curve.
D) a unitary elastic demand curve.

Question

Quizplus · Accepted Answer

The demand curve for a monopolist is the industry demand curve because the monopolist is the only supplier in the market and faces the entire market demand. Therefore, the monopolist's demand curve is downward sloping, reflecting the inverse relationship between price and quantity demanded in the market.

The Demand Curve for a Monopolist Is