A monopolist's supply curve
a. is the upward-sloping portion of its marginal cost curve
b. is the portion of its marginal cost curve above AVC
c. is parallel to its long run ATC curve
d. does not exist because quantity supplied depends on the market demand curve
e. is derived from the average variable cost curve
D
Economics
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When the Federal Reserve buys Treasury bonds, it is called
A) a swap. B) an open market operation. C) a bond roll-over. D) bonding.
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An economic model is
a. a plastic scaled version of the economy b. a complete depiction of reality c. an abstraction of reality d. applicable to consumer behavior but not to producer behavior e. not an accepted tool of the economics profession
Economics