Where is the monopoly supply curve located?
A)above the marginal revenue curve
B)below the marginal revenue curve
C)to the right of the marginal cost curve
D)coincident with the marginal cost curve
E)there is no monopoly supply curve

Question

Quizplus · Accepted Answer

In a monopoly, there is no supply curve because the monopolist is a price maker, not a price taker. The monopolist determines the quantity to produce based on the demand curve and its marginal cost, not a supply curve.

Where Is the Monopoly Supply Curve Located