The Demand Curve for a Monopolist Differs from the Demand

question 187

Multiple Choice

The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for:

• A) a competitive firm lies above its marginal revenue curve.
• B) a competitive firm is inelastic.
• C) a monopolist is the market demand curve.
• D) a monopolist lies below its marginal revenue curve.

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