Question

Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at ________.

Answer 1

Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a high level of output.

What is demand curve?

Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.

Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.

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