The supply curve for a monopolist is
A)perfectly elastic.
B)upsloping.
C)that portion of the marginal cost curve lying above minimum average variable cost.
D)nonexistent.

Question

Quizplus · Accepted Answer

Monopolists do not have a supply curve in the traditional sense because they are price setters, not price takers. The concept of a supply curve, which shows the relationship between price and quantity supplied, assumes competitive market conditions that do not apply to monopolies.

The Supply Curve for a Monopolist Is