A monopoly does not have a supply curve. Indicate whether the stateme

A monopoly does not have a supply curve.

Indicate whether the statement is true or false

 

ANSWER

True . A supply curve shows how much quantity a firm wishes to sell at any given price. First, the monopoly does not take price as given. The monopoly determines price based on the shape and position of its marginal cost curve and demand curve.

 

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