jasminbyc6319 jasminbyc6319

21-05-2024
Business

Answered

The monopolist's demand curve is most likely:

a. as inelastic as the demand curve of a perfectly competitive firm.
b. relatively elastic because of no substitutes for the monopolist's product.
c. relatively steep because of no substitutes for the monopolist's product.
d. relatively steep because it is the market demand curve.

Answer :

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