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A Monopolist

Question 31

Multiple Choice

A monopolist


A) Faces a downward sloping demand curve and by lowering the quantity he sells, he can charge more
B) Faces a horizontal demand curve and by raising price, he will lose all of his consumers
C) Faces an upward sloping supply curve and by lowering the quantity he buys, he can pay less
D) Faces a downward sloping supply curve and by increasing the quantity he buys, he can pay less

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