A monopolist's cost curves will
A)be identical to those of a competitive firm.
B)be higher than a competitive firm's cost curves.
C)be peculiar to the individual producer since there is only one.
D)drop more steeply as output increases.

Question

Quizplus · Accepted Answer

Monopolists have unique cost structures due to the lack of competition and the control they have over their market, making their cost curves peculiar to their specific operations.

A Monopolist's Cost Curves Will