Since a Monopolist Faces a Downward Sloping Demand Curve

question 84

Multiple Choice

Since a monopolist faces a downward sloping demand curve,

• A)​the monopolist is able to sell all that it wants at whatever price the monopolist chooses.
• B)​it is necessary for the monopolist to lower the price to sell additional units of the good.
• C)​the monopolist sells only a fraction of the total sales of the good in the market.
• D)​the monopolist must always make an economic profit.

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