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The Demand Curve a Monopolist Uses in Making an Output

Question 8

Multiple Choice

The demand curve a monopolist uses in making an output decision is:​


A) the same as the demand curve facing a perfectly competitive firm.
B) positively sloped as it produces a highly differentiated product.
C) vertical as there are no close substitutes for its product.
D) the same as the market demand curve.
E) perfectly price inelastic.

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