-The supply curve of a perfectly competitive industry turned monopolist:

Question

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In a perfectly competitive market, the supply curve is determined by the marginal cost above the average variable cost. However, for a monopolist, the concept of a supply curve does not apply in the same way because a monopolist does not take the market price as given but instead chooses its profit-maximizing output level based on its total cost and demand curve. Therefore, the monopolist's price and output decision is not based on a supply curve but on its ability to set prices above marginal costs due to the lack of competition.

-The Supply Curve of a Perfectly Competitive Industry Turned Monopolist