In a cometitive market, a firm\'s supply curve dictates theamount it will supply

Question

In a cometitive market, a firm's supply curve dictates theamount it will supply. in a monopoly market, the a. same is true b.supply curve conceptually makes sense, but in practice isnever used. c. supply curve will have limited predictive capacity. d.decision about how much to supply is impossible to separatefrom the demand curve it faces In a cometitive market, a firm's supply curve dictates theamount it will supply. in a monopoly market, the a. same is true b.supply curve conceptually makes sense, but in practice isnever used. c. supply curve will have limited predictive capacity. d.decision about how much to supply is impossible to separatefrom the demand curve it faces

Explanation / Answer

b.supply curve conceptually makes sense, but in practice isnever used. No Supply Curve is ever used in a monopoly, but there shouldbe one or at least in theory

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