1) What is the slope of the demand curve for a monopolist? (positive, negative, vertical, or horizontal)
2) What is the slope of the marginal revenue curve for a monopolist? (positive, negative, vertical, or horizontal)
3) How does a monopolist determine its profit maximizing price an output level?
4) For a monopolist, what is the relationship between price and marginal revenue (MR) at the profit maximizing output level?
5) For a monopolist, what is the relationship between price and marginal cost (MC) at the profit maximizing output level?