The supply curve for a monopolist
A)Is upward sloping
B)Is vertical
C)Does not exist
D)Is downward sloping

Name: The supply curve for a monopolist A)Is upward sloping B)Is vertical C)Does not exist D)Is downward sloping
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Question

Quizplus · Accepted Answer

A monopolist does not have a supply curve as they are able to determine both the price and the quantity produced. Therefore, there is no relationship between price and quantity supplied that would allow for a supply curve to exist.

The Supply Curve for a Monopolist