The supply curve for the monopolist
A)is horizontal.
B)is vertical.
C)is upward sloping.
D)does not exist.

Name: The supply curve for the monopolist A)is horizontal. B)is vertical. C)is upward sloping. D)does not exist.
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Question

Quizplus · Accepted Answer

A monopolist does not have a supply curve because it is a price maker, not a price taker. The monopolist sets the price based on its demand curve and marginal cost, rather than responding to market prices.

The Supply Curve for the Monopolist