Demand curve of a monopolist is
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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. ... The downward‐sloping market demand curve indicates that the new market price will be lower than before.
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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. ... This new lower price reduces the total revenue that the monopolist receives from the first N units sold.
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