A monopolist's supply curve is the portion of its marginal cost curve that lies above its average variable cost curve.

Name: A monopolist's supply curve is the portion of its marginal cost curve that lies above its average variable cost curve.
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Question

A monopolist's supply curve is the portion of its marginal cost curve that lies above its average variable cost curve.​

Quizplus · Accepted Answer

A monopolist does not have a supply curve because it is a price maker, not a price taker, and its output decision depends on its marginal revenue and marginal cost, not just marginal cost.

A Monopolist's Supply Curve Is the Portion of Its Marginal