With respect to the monopolist's demand curve,it can be said that:
A)the stronger the barriers to entry, the more elastic is this demand curve
B)it will be identical to the market demand curve
C)demand is perfectly inelastic
D)marginal revenue equals price at all levels of output
E)demand is perfectly elastic

Question

Quizplus · Accepted Answer

The monopolist's demand curve is identical to the market demand curve because the monopolist is the sole supplier in the market, so the entire market demand is directed towards the monopolist's product.

With Respect to the Monopolist's Demand Curve,it Can Be Said