question archive Which of the following accurately depicts the demand curve for a firm in a monopolistic market? a

Which of the following accurately depicts the demand curve for a firm in a monopolistic market? a

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Which of the following accurately depicts the demand curve for a firm in a monopolistic market?

a. It is a horizontal line.

b. The market demand curve is horizontal.

c. It is less than the market demand curve.

d. It is the market demand curve.

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Which of the following accurately depicts the demand curve for a firm in a monopolistic market? d. It is the market demand curve.

A monopoly is a business selling a product or service for which there are no close substitutes. That means that the monopolist faces a downward-sloping demand curve because it is the same as the total market demand. A monopolist still can't sell as much as he wants and charge whatever price he wants, because the consumers still have their say by means of their demand at given prices.

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