A Monopolist Faces the Least Price Elastic Demand Curve Because

Multiple Choice

A monopolist faces the least price elastic demand curve because:

A) the consumers have only one place to buy the good.
B) the monopolist produces a standardized product.
C) the monopolist undertakes a huge expenditure to produce the product.
D) the monopolist supplies an insignificant portion of the market.
E) the monopolist produces an absolutely necessary good having close substitutes.