question archive Which of the following options is correct? The demand curve for a monopolist is a
Which of the following options is correct? The demand curve for a monopolist is a
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Which of the following options is correct?
The demand curve for a monopolist is
a. the sum of the demand curves of the perfectly competitive firms in the industry.
b. the demand curve for the industry.
c. less than the market demand curve.
d. below the marginal revenue curve.
e. nonexistent.
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Ans: b. the demand curve for the industry.
Since in a monopoly market there is a single seller of a product, the firm is considered same as industry. Thus, the demand curve for a monopolist is the demand curve for the industry.
