A monopoly is a ________, therefore the demand curve it faces is ________

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Question:

A monopoly is a ________, therefore the demand curve it faces is ________

A.

price taker, downward-sloping

B.

price taker, horizontal

C.

price setter, downward-sloping

D.

price setter, horizontal

Answer» c. price setter, downward-sloping

Note: The above multiple-choice question is for all general and Competitive Exams in India.