If the monopolist's supply curve is drawn, it is a positively sloped curve similar to that for the perfectly competitive market.

Question

Quizplus · Accepted Answer

A monopolist does not have a supply curve in the traditional sense because the monopolist sets the price based on demand, not on a supply curve. The monopolist's decision on how much to produce is based on marginal costs and marginal revenues, not on a supply price for each possible quantity.

If the Monopolist's Supply Curve Is Drawn, It Is a Positively