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12 February, 23:05

A monopolist faces a

horizontal demand curve.

vertical demand curve.

downward-sloping demand curve.

U-shaped demand curve.

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Answers (1)
  1. 13 February, 00:36
    0
    A monopolist faces a downward sloping demand curve.

    Explanation:

    A monopoly firm is a single supplier in the market. It is a price maker and determines price through the interaction of marginal revenue and marginal cost curves. The shape of the demand curve shows that demand is relatively elastic.

    The demand curve is downward sloping because the monopolist will be able to sell more by reducing the price of the product.
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