The supply curve of a pure monopolist
A) is that portion of its marginal cost curve that lies above average variable cost.
B) is the same as that of a purely competitive industry.
C) is its average variable cost curve.
D) does not exist because prices are not "given" to a monopolist.

Question

Quizplus · Accepted Answer

A monopolist does not have a supply curve because it is a price maker, not a price taker. It sets prices based on its demand curve and marginal cost, rather than responding to market prices.

The Supply Curve of a Pure Monopolist