Question

The demand curve faced by a pure monopoly is _____. Multiple Choice horizontal the same as...

The demand curve faced by a pure monopoly is _____.

Multiple Choice

  • horizontal

  • the same as the industry's demand curve

  • more elastic than the demand curve faced by a perfectly competitive firm

  • derived by vertically summing the buyers’ individual demand curves

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Answer #1

The horizontal demand curve is of perfect competitive market .

In monopoly competition, the demand curve faced by it is equal to the industry demand curve

answer is option B

D=P

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