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Lettucebereal Lettucebereal
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A year ago
The demand curve facing a single-price monopolist slopes downward because

▸ demand is perfectly inelastic.

▸ its average revenue equals its marginal revenue.

▸ it sells typically to only one consumer.

▸ its demand curve is the market demand curve, which is generally downward sloping.

▸ its supply curve is upward sloping.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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SagxarSagxar
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A year ago
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Lettucebereal Author
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A year ago
Thanks
logbi
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Yesterday
Good timing, thanks!
ediblefruitz
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2 hours ago
This helped my grade so much Perfect
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