A monopolist
A)has a supply curve that is upward-sloping, just like a competitive firm.
B)does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to supply.
C)has a horizontal supply curve, just like a competitive firm.
D)does not have a supply curve because marginal revenue exceeds the price it charges for its products.

Question

Quizplus · Accepted Answer

Unlike a competitive firm, a monopolist has the power to set the price of its products. In doing so, it determines the quantity it will supply. Therefore, a monopolist does not have a supply curve.

A Monopolist