The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-Why does a monopolist face the market demand curve?

A) Presence of a large number of substitutes
B) Presence of a large number of buyers in the market
C) Barred entry of any new firm in the market
D) Produces a homogeneous product
E) Consumers have perfect knowledge of the market