For a monopolist,the demand curve facing the firm is:

Name: For a monopolist,the demand curve facing the firm is:
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Question

Quizplus · Accepted Answer

A monopolist is the only seller in the market and therefore its demand curve is the market demand curve. The monopolist has some market power to control the price and quantity sold, but as it increases the price, the quantity demanded decreases. Therefore, the monopolist's demand curve is downward sloping.

For a Monopolist,the Demand Curve Facing the Firm Is