The demand curve facing a monopolist is:

A) horizontal,the same as that facing a perfectly competitive firm.
B) downward sloping,the same as that facing a perfectly competitive firm.
C) upward sloping,the same as that facing a perfectly competitive firm.
D) downward sloping,unlike the horizontal demand curve facing a perfectly competitive firm.

Downward Sloping

A term typically used to describe a demand curve that shows the inverse relationship between the price of a product and the quantity demanded.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Perfectly Competitive Firm

A company that sells a product for which there are many sellers and buyers, and where its product is identical to that of competitors, meaning it has no control over market price.