The supply curve of a single-price monopolist
A)coincides with its marginal cost curve above its average total cost curve
B)coincides with its marginal cost curve above its average variable cost curve
C)is established by the government
D)slopes downward due to substantial economies of scale
E)does not exist

Question

Quizplus · Accepted Answer

A single-price monopolist 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 cost, not just the price.

The Supply Curve of a Single-Price Monopolist