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2006-11-13 12:36:17 · 1 answers · asked by Tashawn L 1 in Social Science Economics

1 answers

Is just like any other demand curve. Being a monopolist is related to the person or firm that is supplying a particular market - ie there is only one of them. The demand curve relates to how much the people that want to buy a product want the product. How much these potential purchasers are willing to pay has nothing to do with how many firms make it. Therefore, a demand curve faced by nondiscriminating monopolist is the exactly teh same as if the same product were made by a heap of perfectly competitive firms, oligopolistic firms etc.

2006-11-13 14:04:40 · answer #1 · answered by eco101 3 · 0 0

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