The Demand Curve a Monopolist Uses in Making an Output

question 8

Multiple Choice

The demand curve a monopolist uses in making an output decision is:​

• A)the same as the demand curve facing a perfectly competitive firm.
• B)positively sloped as it produces a highly differentiated product.
• C)vertical as there are no close substitutes for its product.
• D)the same as the market demand curve.
• E)perfectly price inelastic.