Answer to Question #68453 in Microeconomics for usman
Why is the demand curve facing a monopolistic downward sloping while the demand curve facing a perfectly competitive firm is horizontal?
If the monopolist offers a certain price in the market place, it will sell a certain quantity of product at that price. If the monopolist wants to sell more product it must lower the price. This is why the demand curve for a monopolist is downward sloping. Perfectly competitive firm cannot effect price by changing certain quantity of product that it sell
I’ve used Assignment Expert twice now, and I’m a full fledged fan. This morning I had a crunching 7 hour deadline for a huge programming assignment I forgot was due, and turned to them for help. The estimate was affordable and easy to pay for through PayPal. Shortly after, an expert got to work on the problem at hand. The operator was in constant contact with me throughout the entire process, and everything went quickly and smoothly. After looking through the assignment, I was happy to find that everything ran very smoothly, and no shortcuts were taken/no requirements were omitted. I wish I could say more about this service. It’s truly a game changer and has saved my back more than once now.