A monopolist is constrained by a downward-sloping demand


A Monopolist

A. is constrained by a downward-sloping demand curve.

B. has no incentive to worry about the quality of its product.

C. can force consumers to pay whatever it wants them to pay for its product.

D. All of the above

 

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Microeconomics: A monopolist is constrained by a downward-sloping demand
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