Why does a monopoly have no supply curve, Microeconomics

Why does a monopoly have no supply curve? 

A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity together; there is no combination of quantity supplied and price under a monopoly. The best we can say is that there is a 'supply point' that is set by the monopoly. 

 

Posted Date: 8/1/2013 6:15:37 AM | Location : United States







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