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13-11-2019
Business

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Which of the following is NOT true about the demand curve faced by a monopolist?
A.The firm's demand curve is the same as the market demand curve.
B.The demand curve is downward sloping.
C.The demand curve is perfectly elastic.
D.The marginal revenue curve is below the market demand curve.

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oreoluwa2001ng oreoluwa2001ng

13-11-2019

Answer: B

Explanation: The demand curve in a monopolistic market is downward sloping by this reflecting the laws of demand.

The price that a monopolist receives for its products is not constant as it increases the products supplied in the market.

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