A monopoly's supply curve is the portion of the firm's marginal cost curve that lies above the average variable cost curve.

Name: A monopoly's supply curve is the portion of the firm's marginal cost curve that lies above the average variable cost curve.
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A monopoly does not have a supply curve because it is a price maker, not a price taker, and its output decision depends on the demand curve and marginal revenue, not just marginal cost.

A Monopoly's Supply Curve Is the Portion of the Firm's