The Monopolist Has No Supply Curve Because

question 51

Multiple Choice

The monopolist has no supply curve because:

• A) the quantity supplied at any particular price depends on the monopolist's demand curve.
• B) the monopolist's marginal cost curve changes considerably over time.
• C) the relationship between price and quantity depends on both marginal cost and average cost.
• D) there is a single seller in the market.
• E) although there is only a single seller at the current price, it is impossible to know how many sellers would be in the market at higher prices.

---

Definitions:

Gross Primary Productivity

The total rate at which an ecosystem's producers, like plants, convert solar energy into organic substances through photosynthesis.

Photosynthesis

is the process by which green plants, algae, and some bacteria convert light energy into chemical energy, producing oxygen and glucose from carbon dioxide and water.

Detritivores

Organisms that feed on dead organic material, especially plant detritus.

Saprotrophs

Organisms that feed on or derive nourishment from decaying organic matter, playing a vital role in decomposition and nutrient cycling.