How Does the Demand Curve Facing a Home Monopolist Compare

Multiple Choice

How does the demand curve facing a home monopolist compare in a no-trade situation to a situation in which a quota protects the monopolist's output?

A) They are identical.
B) The quota-protected demand curve lies to the right of the no-trade demand curve.
C) The quota-protected demand curve lies to the left of the no-trade demand curve.
D) The no-trade demand curve is perfectly price elastic at the world price; the quota-protected demand curve has a negative slope.