Asked by Rayna Kordonowy on Jun 24, 2024

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One feature of pure monopoly is that the demand curve

A) is vertical.
B) is horizontal.
C) slopes upward.
D) slopes downward.

Pure Monopoly

A situational framework in the economy where a sole provider monopolizes the supply of a particular good or service, without any comparable replacements.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded, usually depicted as downward sloping.

Slopes Downward

Used to describe a graph line that indicates a decrease in one variable as another variable increases, often related to demand curves in economics.

  • Investigate the features and consequences of pure monopoly as opposed to markets with competition.
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KD
Kendrick DavisJun 29, 2024
Final Answer :
D
Explanation :
In a pure monopoly, the demand curve slopes downward, indicating that the monopolist can sell more units only by lowering the price. This reflects the law of demand.