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The Demand Curve Faced by a Pure Monopolist

Question 398

Multiple Choice

The demand curve faced by a pure monopolist


A) may be either more or less elastic than that faced by a single purely competitive firm.
B) is less elastic than that faced by a single purely competitive firm.
C) has the same elasticity as that faced by a single purely competitive firm.
D) is more elastic than that faced by a single purely competitive firm.

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