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Why is there no market supply curve under conditions of monopoly?

Why is there no market supply curve under conditions of​ monopoly?

A.

Output decisions depend not only on marginal cost but also on the demand curve. Shifts in demand lead to changes in price but not output.​ Thus, there is no​ one-to-one correspondence between price and the​ seller's quantity.

B.

Output decisions depend not only on marginal cost but also on the demand curve. Shifts in demand lead to changes in​ price, output, or both.​ Thus, there is no​ one-to-one correspondence between price and the​seller's quantity.

C.

Since the monopolist is the only firm in the​ market, it simply allows its marginal cost curve to act as the​ "monopolist's" supply curve.

D.

Output decisions depend not only on marginal cost but also on the demand curve. Shifts in demand lead to changes in output but not price.​ Thus, there is no​ one-to-one correspondence between price and the​ seller's quantity.

Top Answer

B. Output decisions depend not only on marginal cost but also on the demand... View the full answer

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Other Answers

The answer is B Output decisions depend not only on marginal cost but also on the demand curve. Shifts in demand lead... View the full answer

B. Output decisions depend not only on marginal cost but also on the demand... View the full answer

D. Output decisions depend not only on marginal cost but also on the demand... View the full answer

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