Monopoly power means the demand curve for the monopoly is always inelastic.

Name: Monopoly power means the demand curve for the monopoly is always inelastic.
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Monopoly power does not guarantee that the demand curve is always inelastic. A monopoly can face both elastic and inelastic portions of the demand curve, depending on the price and availability of substitutes. Elasticity of demand varies with price levels and consumer preferences.

Monopoly Power Means the Demand Curve for the Monopoly Is