Why Does Demand Curve for a Monopolist Slope Downward?


The demand curve is almost always downwards except in very rare conditions. This is because of the competition in the market. The demand curve would not slope downwards only if there is no competition.
Q&A Related to "Why Does Demand Curve for a Monopolist Slope..."
Virtually all demand curves slope downwards, except for, perhaps, absolutely essential life-saving medication. The demand curve does not depend on the type of organization supplying
The aggregate demand curve is downsloping because of the wealth
The law of dimishing marginal utility explains why the demand curve or AD curve slopes down: When there is a small quantity (e.g. 1) then the satisfaction/pleasure or utility that
Since MR<P in monopoly, the ratio MR/P has to be less than one. Now in perfect competition the demand curve for labor was MPL = W/P. Thus the labor demand curve for a monopolist
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