Question

Which of the following is true for a monopolist?

		Being the only seller in the market, the monopolist faces a downward-sloping demand curve that lies below the marginal revenue curve.
		Being the only seller in the market, the monopolist faces a perfectly inelastic demand curve.
		Being the only seller in the market, the monopolist faces the market demand curve.
		Being the only seller in the market, the monopolist faces a perfectly elastic demand curve.