Which of the Following Is True of the Demand Curve

question 83

Multiple Choice

Which of the following is true of the demand curve faced by a monopolist?

• A)A monopolist's demand curve is infinitely elastic.
• B)A monopolist's demand curve is more elastic than a competitive firm's demand curve.
• C)A monopolist faces a relatively inelastic demand curve.
• D)A monoplist's demand curve coincides with its marginal revenue curve.
• E)A monopolist faces a positively sloped demand curve.

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Definitions:

Ductile Shearing

Ductile shearing is the deformation of materials through stretching or shearing, allowing them to bend and shape without breaking, often in geological contexts.

Hornfels

A fine-grained metamorphic rock formed by the contact metamorphism of shale and other clay-rich rocks.

Foliation

The repetitive layering in metamorphic rocks, which occurs due to the reorientation of minerals under intense heat and pressure.

Thrust Fault

a type of reverse fault where the upper block, above the fault plane, moves up and over the lower block.