ernestoibarra
New member
A monopolist faces a downward-sloping demand curve because
A. resource prices increase as the monopolist expands output.
B. the entire market demand curve is the monopolist's demand curve.
C. the demand for its product is inelastic.
D. the industry demand curve is horizontal.
A. resource prices increase as the monopolist expands output.
B. the entire market demand curve is the monopolist's demand curve.
C. the demand for its product is inelastic.
D. the industry demand curve is horizontal.