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Commerce · Q1100

Economics

Graduate and Post Graduate · Commerce · question 1100

Q1100

A monopolist has a downward sloping demand curve because

A.
it has an inelastic demand
B.
typically, it sells only to a few large buyers
C.
its demand curve is the same as the industry's demand curve
Answer
D.
consumers prefer that product

Answer: Option C

Solution

Answer: Option C
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