A Monopolist

question 567

Multiple Choice

A monopolist

• A)has a supply curve that is upward-sloping, just like a competitive firm.
• B)does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to supply.
• C)has a horizontal supply curve, just like a competitive firm.
• D)does not have a supply curve because marginal revenue exceeds the price it charges for its products.

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