The demand curve facing a monopoly firm
A)may well bend backward.
B)suggests that the monopoly can sell additional units without lowering the price.
C)is the market demand curve.
D)is equal to its total revenue curve.
E)is perfectly inelastic.

Question

Quizplus · Accepted Answer

The demand curve facing a monopoly firm is the market demand curve because the firm is the sole provider of the product or service in the market, meaning it faces the entire market demand.

The Demand Curve Facing a Monopoly Firm