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Characteristics of Monopoly
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Characteristics of Monopoly
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12. Monopoly / Characteristics of Monopoly / Problem 7
Problem 7
How does the demand curve in a monopoly differ from that in perfect competition?
A
The monopoly's demand curve is upward sloping.
B
The monopoly's demand curve is downward sloping.
C
The monopoly's demand curve is perfectly elastic.
D
The monopoly's demand curve is horizontal.
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