Ask Question
3 May, 06:39

A monopolist does not have a supply curve because the firm's decision about how much to supply is impossible to separate from the demand curve it faces.

a. true

b. false

+2
Answers (1)
  1. 3 May, 07:53
    0
    True. A monopolist does not face the same constraints as an open or free market but instead is bounded by the consumers' demand for its products. Therefore, the firm's decision about how much to supply is directly related to its demand curve because they can produce as much or as little as the consumes demand.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A monopolist does not have a supply curve because the firm's decision about how much to supply is impossible to separate from the demand ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers