No supply curve exists for a monopoly in the sense that a supply curve exists for a perfectly competitive firm.

Question

Quizplus · Accepted Answer

In a monopoly, the firm is the sole supplier of the good or service and makes decisions about output and price based on its total cost and demand for its product, rather than taking the market price as given. Therefore, a traditional supply curve, which shows the quantity of goods that a producer is willing to supply at each price level, does not exist for a monopoly in the same way it does for firms in perfect competition, where many firms respond to market prices.

No Supply Curve Exists for a Monopoly in the Sense