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.
Land is a most significant factor in terms of contribution to the economy because ...
The following are rewards for factors of production EXCEPT ...
One of these is not a problem of agriculture___________ ...
The following determine the level of consumption EXCEPT ...
Demand-pull inflation results when there is ...
International trade is necessary because ...
The rate at which a country's export is exchanged for her imports is ...
The effectiveness of devaluation as a solution to a balance of payments problem depends on the ...
.............is presently used in Nigeria to measure inflation ...