question archive The demand curve for a monopolist differs from that of a competitive firm in that a

The demand curve for a monopolist differs from that of a competitive firm in that a

Subject:MarketingPrice:2.88 Bought12

The demand curve for a monopolist differs from that of a competitive firm in that

a. the demand curve for a competitive firm lies above its marginal revenue curve.

b. the demand curve for a competitive firm is inelastic.

c. the demand curve for a monopolist is the market demand curve.

d. the demand curve for a monopolist lies below its marginal revenue curve.

e. the demand curve for a monopolist is horizontal.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

 

Correct Option: c. the demand curve for a monopolist is the market demand curve.

Explanation:

It is because, in the monopoly, the firm and the industry is the same. Therefore, the demand curve of the monopolist is the same as the market demand curve.

Related Questions