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 in the traditional sense because it is a price maker rather than a price taker. The monopolist decides on a point on the demand curve, not on a supply curve, to maximize profit.

The Supply Curve for a Monopolist