The industry demand curve for a monopoly is the same as the individual monopoly's demand curve.

Question

Quizplus · Accepted Answer

The industry demand curve represents the total demand for a product or service in the market, while the individual monopoly's demand curve represents the demand for that specific monopoly's product or service. In a monopoly, the individual firm has control over the quantity supplied and price charged, so the industry demand curve is equivalent to its individual demand curve.

The Industry Demand Curve for a Monopoly Is the Same