Question

The nondiscriminating pure monopolist's demand curve: is the industry demand curve. shows a direct or positive relationship between price and quantity demanded. tends to be inelastic at high prices and elastic at low prices. is identical to its marginal revenue curve.

Answer 1

The answer that best completes the blank provided above is the first option. The non discriminating pure monopolist's demand curve is the industry demand curve. The demand curve usually is shown in a horizontal line as compared to that of a market demand curve.