1 the demand curve faced by a monopolista may be either, Ask an Expert

Economics

1. The demand curve faced by a monopolist:

a. may be either more or less elastic than that faced by a single perfect competitive firm.

b. is less elastic than that faced by a single perfectly competitive firm.

c. has the same elasticity as that faced by a single perfectly competitive firm.

d. is more elastic than that faced by a single perfectly competitive firm.

2. The marginal revenue curve for a monopolist:

a. is a straight, upward sloping curve.

b. rises at first, reaches a maximum, and then declines.

c. is positive at low levels of output, then becomes negative at high output levels.

d. is a straight line, parallel to the horizontal axis.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950555

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