Answer to Question #85893 in Microeconomics for Ayanda Lubisi

Question

The monopolist has no supply curve because …
1. the quantity supplied at any particular price depends on the monopolist’s demand
curve.
2. the monopolist’s marginal cost curve changes considerably over time.
3. the relationship between price and quantity depends on both marginal cost and
average costs.
4. there is a single seller in the market.

Answer 1

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