Which of the following statements is true?

A) A monopoly is a price taker because it faces a downward sloping demand curve.
B) A monopoly is a price maker because it faces a downward sloping demand curve.
C) A perfectly competitive firm is a price taker because it faces a downward sloping demand curve.
D) A perfectly competitive firm is a price maker because it faces a downward sloping demand curve.

B

Economics

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