Question

explain why a monopolist does not have a well defined supply curve.​

Answer 1

Explanation:

A monopoly firm has no well-defined supply curve because of the fact that output decision of a monopolist not only depends on marginal cost but also on the shape of the demand curve. As a result, shifts in demand do not trace out a series of prices and quantities as happens with a competitive supply curve.

Answer 2

Explanation:

The Monopoly firm does not have the a well- defined supply curve because of the fact of output decision of the monopolist not only depends on marginal but also on the shape of the demand curve .as a result shift is a demand do not trace out a series of prices and quantities as happen with a competitive supply curve.