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The demand curve of a typical monopolist is:
a. downward-sloping and as elastic as a perfectly competitive firm's demand curve. b. described by none of the listed options. c. upward-sloping and more-elastic than a perfectly competitive firm's demand curve. d. downward-sloping and less-elastic than a perfectly competitive firm's demand curve. e. upward-sloping and less-elastic (steeper) than a perfectly competitive firm's demand curve.
Sagot :
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