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:

T-test

A statistical test used to compare the means of two groups and determine if they are statistically significantly different.

Correlation Coefficient

A statistical measure that describes the extent to which two variables change together, and the strength of their relationship.

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.