Why doesn't a monopoly have a supply curve?
What will be an ideal response?
A monopoly does not have a supply curve because the amount that a monopoly produces depends on both its marginal cost curve and on the shape of the demand curve it faces. Thus, since its profit-maximizing output is not independent of its demand curve, the monopoly cannot have a supply curve.
Economics
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Fill in the blank(s) with the appropriate word(s).
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