The Demand Curve Facing a Single-Price Monopolist Slopes Downward Because

question 100

Multiple Choice

The demand curve facing a single-price monopolist slopes downward because

• A)its average revenue equals its marginal revenue.
• B)its demand curve is the market demand curve,which is generally downward sloping.
• C)demand is perfectly inelastic.
• D)it sells typically to only one consumer.
• E)its supply curve is upward sloping.

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