alleryWhy does a monopoly lack a traditional short-run supply curve?
AFixed costs are zero
BPrice cannot vary
COutput is not unique
DDemand is horizontal
Answer & Solution
Correct answer: C. Output is not unique
For a given price, a monopolist has no unique quantity supplied because output depends on demand.
Keep practising Markets and Theory of Supply
Browse all Markets and Theory of Supply questions for ICSE Class 10, or explore more Economics topics.
Related questions
Match scope reach:
1. Buyer: p. Shielded
2. Public: q. Guarded
3. Trade: r. FairMatch ministry lead:
1. Leader: p. Paswan
2. Desk: q. Ministry
3. House: r. Lok SabhaMatch forum speed:
1. Rules: p. Simple
2. Court: q. Friendly
3. Time: r. SwiftMatch Agmark scope:
1. Grade: p. Standards
2. Farm: q. Produce
3. Pack: r. ProceduresMatch choice right:
1. Access: p. Assured
2. Goods: q. Variety
3. Price: r. CompeteMatch CCPA wing:
1. Wing: p. Inquiry
2. Study: q. Evidence
3. Base: r. StatutoryMatch reform scope:
1. Court: p. Ease load
2. Avenue: q. Redress
3. Panels: r. CitizenMatch enactment:
1. Force: p. July 2020
2. CCPA: q. July 2020
3. Signed: r. Aug 2019