A Monopoly's Demand Curve Most Likely

Multiple Choice

A monopoly's demand curve most likely

A) is less elastic than a competitive firm's demand curve.
B) does not exist.
C) has the same elasticity as a competitive firm's demand curve.
D) is more elastic than a competitive firm's demand curve.
E) could be more or less elastic than a competitive firm's demand curve, depending on the level of output.