Think of a Firm That Has a Monopoly Producing Milk

Multiple Choice

Think of a firm that has a monopoly producing milk. The firm's demand curve is

A) identical to the demand curve for milk facing the industry
B) identical to its marginal revenue curve
C) tangent to the firm's ATC curve
D) tangent to its marginal revenue curve
E) more elastic than the demand curve of any perfectly competitive firm producing milk