Question

The​ monopolist's supply curve A. is the region of its marginal cost curve that lies above the marginal revenue curve. B. ​doesn't exist. C. is the region of its marginal cost curve above average cost. D. is identical to the demand curve.

Answer 1

Answer: B. ​doesn't exist

Step-by-step explanation:

A Monopoly has no defined Supply Curve. This is as because they are PRICE MAKERS instead of PRICE TAKERS they can set the price, not take whatever price is there.

The Supply Curve essentially denotes the various prices and quantities that a company will sell at. In other words, for a certain price, suppliers will produce a certain amount.

Monopolies do not care for such since they set the price and the output is based on the demand curve.

For this reason they do not have a Demand Curve.

Answer 2

Answer: B. ​doesn't exist

Explanation: A monopoly organisation has no well-defined supply curve. This simply means, there is no none unique supply curve for the monopolist derived from his marginal cost curve. Under a perfect competition, short run marginal cost curve located above the shut-down point is known as the supply curve which shows the relationship between price and quantity.