Which of the following statements is true?
A) A monopolist has a vertical supply curve because it is a price taker.
B) A monopolist's supply curve is the supply curve of the entire market.
C) A monopolist does not have a supply curve because its production decision is independent of price.
D) A monopolist has a horizontal supply curve because it is the only seller in the market.
C
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Which of following was a period of below-average economic growth in the United States?
A) the 1920s B) the 1960s C) the 1930s D) all of the above
If $1 equals 2 euros, then 1 euro equals
a. $4.00 b. $2.00 c. $0.50 d. $1.00 e. $0.25
With a negative income tax providing a minimum of $20,000 and a tax rate of 25 percent, what amount of supplement would the government pay to a household earning $10,000?
A. $5,000 B. $10,000 C. $17,500 D. $20,000
A temporary supply shock, such as a drought, would
A. decrease both the marginal product of capital and the marginal product of labor in the long-term future. B. increase the marginal product of capital and increase desired investment. C. have little or no effect on desired investment. D. decrease the marginal product of capital and decrease desired investment.