A more elastic demand curve at higher prices and a more inelastic demand curve at lower prices. The price that the monopolist may obtain for each new unit of output must decrease as the monopolist raises.
Its output because the monopolist faces the downward-sloping market demand curve. If a result, as the monopolist increases its output, its marginal revenue will also decrease. Because they are the exclusive demand curve of a specific commodity or service, monopolists must deal with downward-sloping demand curves; as a result, the market demand curve also represents the monopolist's demand curve. A firm's level of market power depends on the demand curve's form.
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