The demand curve of a monopoly firm will be
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Demand curve of monopoly market slopes downwards becz there is monopoly( one single seller of a product) but law of Demand exist .... so ...at low price high quality is to be demanded..... but it
is less flatter becz monopoly has no closer substitute of their products.....
is less flatter becz monopoly has no closer substitute of their products.....
RajendraBhukar:
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Hey there !
A monopoly is a firm who is the single seller of its product, and where there are no close substitutes.
The demand curve of monopoly firm faces the downwards slopping. As the price of its item rises and the quantity demanded falls.
Hope this helps !
A monopoly is a firm who is the single seller of its product, and where there are no close substitutes.
The demand curve of monopoly firm faces the downwards slopping. As the price of its item rises and the quantity demanded falls.
Hope this helps !
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