Question

The monopolist's demand curve is: a. identical to the market demand curve. b. identical to the marginal revenue curve. c. below the marginal revenue curve. d. a horizontal line at the market price. e. a U-shaped curve.

Answer 1

The monopolist's demand curve is identical to the market demand curve.

Who is a monopolist?

Monopolist is an individual or a firm that produces goods, render services and also have control over the product that they produce.

They are not involved in competitive market but always look out for policies that will favor their market.

Therefore, The monopolist's demand curve is identical to the market demand curve.

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