The nondiscriminating pure monopolist's demand curve
A) is the industry demand curve.
B) shows a direct or positive relationship between price and quantity demanded.
C) tends to be inelastic at high prices and elastic at low prices.
D) is identical to its marginal revenue curve.

Question

Quizplus · Accepted Answer

The nondiscriminating pure monopolist's demand curve is the industry demand curve because there are no close substitutes for the product, and the monopolist has complete control over the market.

The Nondiscriminating Pure Monopolist's Demand Curve