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Homework answers / question archive / Which of the following statement is true? a
Which of the following statement is true?
a. Monopolists do not have a demand curve.
b. Monopolists do not have an MC curve.
c. Monopolists do not have a supply curve.
d. Monopolists do not have a TFC curve.
Option c. Monopolists do not have a supply curve is correct
This option is correct because monopolists do not have a supply curve, which means the output decision depends on the average revenue or demand curve. It does not affect the supply for a product. The demand curve determines the price and output of a product. It shows the relationship between them.b