Question

Which one of the following is true for monopoly?

[1 mark]

• A. The firm is the price maker.
• B. The demand curve slopes downward.
• C. The price discrimination possibility arises.
• D. All of the above.

Answer 1

The correct option is D All of the above.

Monopoly is a form of market in which there is a single firm selling a unique product. Its demand curve slopes downwards, and price discrimination is one of its properties.