One Feature of Pure Monopoly Is That the Demand Curve

question 379

Multiple Choice

One feature of pure monopoly is that the demand curve

• A)is vertical.
• B)is horizontal.
• C)slopes upward.
• D)slopes downward.

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Definitions:

Optimal Consumption

The consumption point at which a consumer achieves the highest possible satisfaction from available resources.

Loaves

Units of bread or any baked product that are shaped and sized for slicing, often made from a dough or batter.

Pounds

A unit of weight commonly used in the United States and Britain, equivalent to 0.453592 kilograms.

Indifference Curves

Graphical representations in microeconomics to show combinations of two goods that provide the consumer with the same level of satisfaction.