One feature of pure monopoly is that the demand curve
A) is vertical.
B) is horizontal.
C) slopes upward.
D) slopes downward.

Name: One feature of pure monopoly is that the demand curve A) is vertical. B) is horizontal. C) slopes upward. D) slopes downward.
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Question

Quizplus · Accepted Answer

In a pure monopoly, the firm is the sole provider of a product or service, so it faces the entire market demand curve, which slopes downward. This means that the monopolist can sell more only by lowering the price.

One Feature of Pure Monopoly Is That the Demand Curve