Which of the following is true of the demand curve faced by a monopolist?
a. A monopolist's demand curve is infinitely elastic
b. A monopolist's demand curve is more elastic than a competitive firm's demand curve.
c. A monopolist faces a relatively inelastic demand curve.
d. A monopolist's demand curve coincides with its marginal revenue curve.
e. A monopolist faces a positively sloped demand curve.
c
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