In a monopoly, there is no supply curve because the monopolist has control over the entire market supply and can set the price independently of the quantity supplied. This is different from a competitive market where multiple firms determine supply based on market forces.
It's not
Monopoly has no supply curve because the monopolist does not take price as given, but set both price and quantity from the demand curve.
Flase, The suuply curve of a "perfect competition" is its marginal cost curve
Because the monopolist's supply decision cannot be set out independently of demand. since supply curve tells us the quantity that a firm chooses to supply at any given price and on the other hand, a monopoly firm is a price maker; the firrm sets the price and at the same time it chooses the quantity to supply. The market demand curve tells us how much the monopolist will supply.
To identify and calculate deadweight loss on a monopoly graph, you can look for the area of the triangle between the demand curve, the supply curve, and the monopoly's marginal cost curve. This area represents the loss of economic efficiency due to the monopoly's market power. You can calculate the deadweight loss by finding the area of this triangle using the formula: 0.5 x base x height.
It's not
Monopoly has no supply curve because the monopolist does not take price as given, but set both price and quantity from the demand curve.
Flase, The suuply curve of a "perfect competition" is its marginal cost curve
Because the monopolist's supply decision cannot be set out independently of demand. since supply curve tells us the quantity that a firm chooses to supply at any given price and on the other hand, a monopoly firm is a price maker; the firrm sets the price and at the same time it chooses the quantity to supply. The market demand curve tells us how much the monopolist will supply.
To identify and calculate deadweight loss on a monopoly graph, you can look for the area of the triangle between the demand curve, the supply curve, and the monopoly's marginal cost curve. This area represents the loss of economic efficiency due to the monopoly's market power. You can calculate the deadweight loss by finding the area of this triangle using the formula: 0.5 x base x height.
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
how is a market supply curve similar to and diffrent from an individual supply curve
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
just lead to a shift in the supply curve.
by finding where the supply curve and the demand curve intersect
Then demand and supply are equal.
A supply curve is a graph showing each and every price in that market, where as a Market supply curve shows the prices by all firms that offer the product for sale in a given market.