The demand curve faced by a monopolist is_____?
...The demand curve faced by a monopolist is_____?
Positively sloped
Vertical
downwards sloping
Negatively Sloped
Correct answer is C
The Demand Curve for a Monopolistic Market is of the same form as a regular Demand Curve. It is downward sloping because of the Substitution Effect, the Income Effect, and the Law of Declining Marginal Utility.
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