Asked by Brenda Townsend on Jul 08, 2024

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For a monopolist,the market demand curve:

A) is also the demand for the monopolist's product.
B) is equal to the monopolist's MR curve.
C) must be horizontal.
D) is not important since the monopolist is the only producer.

Market Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by all consumers in the market.

MR Curve

A graph that represents the relationship between the marginal revenue obtained from selling an additional unit of a good or service and the quantity of that good or service sold.

  • Grasp the notion of the demand curve for a monopolist and its implications for pricing and output decisions.
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DC
David ChangJul 12, 2024
Final Answer :
A
Explanation :
The market demand curve represents the demand for the monopolist's product because the monopolist is the only producer in the market. The monopolist sets the price based on the market demand curve, which shows the quantity of the product that consumers are willing and able to buy at different prices. Therefore, the monopolist's demand curve is the same as the market demand curve.