The supply curve for a monopoly is
A) the portion of the marginal cost curve that lies above the average variable cost curve.
B) the portion of the marginal cost curve that lies above the average total cost curve.
C) the portion of the marginal cost curve that lies above the average fixed cost curve.
D) not clearly defined.

Question

Quizplus · Accepted Answer

A monopoly does not have a well-defined 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.

The Supply Curve for a Monopoly Is