The demand curve facing the monopolist in the f... - JAMB Economics 2019 Question
The demand curve facing the monopolist in the foreign market is__________
A
Elastic
B
Inelastic
C
Perfectly elastic
D
Unitary
correct option: c
The foreign market is a perfect competitor then the monopolist is challenged with average revenue or horizontal demand curve or price line.
The foreign market is perfectly competitive while the home market is monopolistic.
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