Asked by Thomas Simmons on Jun 10, 2024

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The nondiscriminating pure monopolist's demand curve:

A) is the industry demand curve.
B) shows a direct or positive relationship between price and quantity demanded.
C) tends to be inelastic at high prices and elastic at low prices.
D) is identical to its marginal revenue curve.

Nondiscriminating

A term used in various contexts to describe actions or policies that apply uniformly to all members of a group without exceptions based on any specific characteristics.

Pure Monopolist's Demand Curve

Represents the market demand curve since the monopolist is the sole provider of the product or service, hence facing the market demand directly.

Inelastic

Describes demand that does not significantly change with a change in price.

  • Learn about the properties and ramifications of pure monopoly within economic contexts.
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KS
Khamryn Simon-McdonaldJun 12, 2024
Final Answer :
A
Explanation :
The nondiscriminating pure monopolist's demand curve is the industry demand curve because they are the only supplier in the market.