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The nondiscriminating pure monopolist's demand curve?

A) Perfectly elastic
B) Perfectly inelastic
C) Downward-sloping
D) Horizontal

1 Answer

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Final answer:

The demand curve for a non discriminating pure monopolist is downward-sloping, meaning that as the price increases, the quantity demanded decreases and vice versa.

Step-by-step explanation:

The demand curve for a non discriminating pure monopolist is downward-sloping. Unlike a perfectly competitive firm that faces a perfectly elastic demand curve, a monopolist is the only firm in the market and has the ability to control the price and quantity of its product.

As a result, the monopolist faces a downward-sloping demand curve, meaning that as the price increases, the quantity demanded decreases and vice versa.

This is in contrast to a perfectly elastic demand curve, where an infinite quantity is demanded at a specific price.

User Ashish Chopra
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