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प्रश्न
The demand curve of a firm under monopoly is ______
पर्याय
Downward sloping
Indeterminate
Upward sloping
Perfectly elastic
MCQ
रिकाम्या जागा भरा
उत्तर
The demand curve of a firm under monopoly is Downward sloping.
Explanation:
A monopoly is a market situation in which there is a single seller, no close substitutes for the commodity produced, and barriers to entry for new firms. The price is set by the monopolist himself. As a result, a monopolist faces a downward-sloping demand curve, indicating that more can only be sold at a lower price.
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