Question

A monopolist has a downward sloping demand curve because

Answer 1

Answer:

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The monopolist faces the downward‐sloping market demand curve, so the price that the monopolist can get for each additional unit of output must fall as the monopolist increases its output. Consequently, the monopolist'smarginal revenue will also be falling as the monopolist increases.

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Answer 2

Answer:

The monopolist faces the downward‐sloping market demand curve, so the price that the monopolist can get for each additional unit of output must fall as the monopolist increases its output. Consequently, the monopolist's marginal revenue will also be falling as the monopolist increases its output.