For a monopolistic firm, the demand for its product is
A. unitary elastic
B. completely elastic
C. completely inelastic
D. neither b or c
Answer:C
For a monopolistic firm, the demand for its product is
A. unitary elastic B. completely elastic C. completely inelastic D. neither b or c
Explanation: 29. The marginal revenue curve for a monopolist ____________________ the market demand curve.