Assertion: monopoly's demand curve | /r/HasProperty | identical
Facets:
value: to the average revenue curve
type: OTHER
value: to the price line
type: OTHER
Source sentences:
text: The demand curve is identical to the average revenue curve and the price line.
text: The demand curve is identical to the average revenue curve and the price line.
text: Because there is only one firm (or essentially only one firm) in a monopoly, the monopoly's firm demand curve is identical to the market demand curve, and the monopoly firm need not consider what it's competitors are pricing at.