Question

1 of 32 concepts completed multiple choice question which statement about demand curves in a pure monopoly is true? the monopolists demand curve is also the industry demand curve. the monopolists demand curve is perfectly elastic. the monopolists demand curve is upward sloping. the monopolists demand curve in the inverse of the market demand curve.

Explanation:

In a pure monopoly, there is a single - seller. Since the firm is the industry, its demand curve is the industry demand curve. A monopolist's demand curve is downward - sloping (not upward - sloping or perfectly elastic), and it is not the inverse of the market demand curve.

Answer:

The monopolist's demand curve is also the industry demand curve.