Question: What is the difference between these two questions and why do they have different answers? Please explain. Question 1: Demand curve that faces a monopolist:

What is the difference between these two questions and why do they have different answers? Please explain.

Question 1:

Demand curve that faces a monopolist:

Select one:

a. lies above the marginal revenue curve

b. is identical to the marginal revenue curve

c. Horizontal

d. Vertical

Question 2 :

The monopolist's marginal revenue curve

Select one:

a. is identical to the demand curve

b. doesn't exist

c. lies above the demand curve

d. lies below the demand curve

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