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A monopolist faces a downward-sloping demand curve because: a.the entire market demand curve is the monopolist's demand curve.b.the demand for its product is inelastic.c.resource prices

A monopolist faces a downward-sloping demand curve because:

a.the entire market demand curve is the monopolist's demand curve.b.the demand for its product is inelastic.c.resource prices increase as the monopolist expands output.d.the industry demand curve is horizontal.

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