The demand curve for a monopoly is: a

Marketing Jan 12, 2021

The demand curve for a monopoly is:

a. the sum of the supply curves of all of the firms in the monopoly's industry.

b. the industry demand curve.

c. horizontal because no one can enter.

d. perfectly elastic.

Expert Solution

The correct answer is (b) the industry demand curve.

A monopoly is a single firm that supplies goods or provides services in the market. Therefore, the monopoly's demand curve is the industry demand curve. Industry demand curve is the aggregate demand curve of all individuals in the market.

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