Because the Demand Curve for a Monopolist Is Downward-Sloping

question 46

Multiple Choice

Because the demand curve for a monopolist is downward-sloping:

• A) there is no limit on the monopolist's ability to make a profit.
• B) the monopolist can sell its product at any price it wants.
• C) the monopolist can sell as many units of its product as it wants.
• D) the monopolist is a price-taker.
• E) the monopolist has many price-output combinations.

---

Definitions:

Final Goods

Products that are completed and ready for sale and consumption, as opposed to intermediate goods used in the production of another product.

Consumer Price Index

An index measuring the change in the price level of a basket of consumer goods and services purchased by households.

Market Basket

A selected set of goods and services used to track changes in prices and measure inflation over time.

Widely Used

A term denoting something that is utilized by a large number of people or entities across various contexts.