The Demand Curve Facing a Monopolist Is

question 107

Multiple Choice

The demand curve facing a monopolist is

• A)perfectly elastic.
• B)identical the demand curve for a perfectly competitive firm.
• C)perfectly inelastic.
• D)downward sloping.

---

Definitions:

Infinite

Without limit or end; extending beyond any finite value or measurable space.

Horizontal Line

A straight line that has a zero slope and runs parallel to the horizontal axis in a graph.

Vertical Line

A straight line that goes up and down on a graph, representing a scenario where one variable changes while the other remains constant.

Downward Sloping

Describes a line on a graph that shows a decrease in one variable as another variable increases, often used to illustrate laws of demand in economics.