Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / With a fixed market demand curve, the monopolist supply curve is _____
With a fixed market demand curve, the monopolist supply curve is _____.
A. horizontal
B. vertical
C. one point only
D. upward sloping
The one point is the price-quantity combination at which the marginal revenue (MR) balances the marginal cost (MC). With the fixed demand curve, there is no incentive to change the price and supply, and hence the monopolist supply curve would be one point only.
