Which of the Following Is True for a Monopolist

question 104

Multiple Choice

Which of the following is true for a monopolist?

• A)Being the only seller in the market, the monopolist faces a perfectly inelastic demand curve.
• B)Being the only seller in the market, the monopolist faces a perfectly elastic demand curve.
• C)Being the only seller in the market, the monopolist faces the market demand curve.
• D)Being the only seller in the market, the monopolist faces a downward-sloping demand curve that lies below the marginal revenue curve.