Answer: B. If the market demand curve becomes more elastic, the firm's demand curve will become more elastic
Explanation:
Monopoly is a market structure whereby there is just one single supplier for a particular good or service. The monopolist controls the price.
We should note that the monopolist enjoys market power due to theofact that its product has an inelastic demand that is, a price change will have a minimal impact on the demand.
But the monopoly power will reduce in a case whereby the market demand curve becomes more elastic, then the firm's demand curve will become more elastic as well.
The power of the Government is limited in that Government cannot do everything it desires. This is so because it was elected by people, and assuming that the politicians in the goverment will want to be re-elected, they have to do what the people want, and not whatever they want: they have limits on their actions.
The Boston Massacre was a major cause of the U.S revolutionary war.
