The demand curve facing a monopolist is

A) downward sloping.
B) upward sloping.
C) horizontal.
D) vertical.

Answer: A

Economics

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The management function of a sufficiently large firm should be separated from finance and residual claimancy because of:

a. differences in skill requirements and opportunity costs. b. differences in attitudes towards risk. c. differences in investment choices and responsibilities. d. differences in beliefs about a new strategy's probability of success.

Economics

The marginal rate of substitution is the

A. rate at which the consumer increases utility. B. absolute value of the indifference curve. C. tradeoff rate between the two goods under consideration at any particular point. D. total utility derived at any point.

Economics