Question

A monopoly market has no –

a. Demand curve b. supply curve

c. cost curve d. profit curve​

Answer 1

Answer:

$\huge \underline \mathfrak \red{Answer}$

Explanation:

Cost curve

In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. Description: In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods.