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there is no market supply curve in.

there is no market supply curve in.

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Answer #1

The answer is " A monopolistic market "

A supply curve shows all the quantities sold by the firm according to a given price. In case of perfect competition, producers are price takers so they can alter supply according to the market price.

But in case of a monopoly, the firm is the " Price maker" it means that he can choose what price to charge from the consumers. The profit maximizing quantity is found at a level where:-

MC = MR

Hence price is not involved in the equation. As there is'nt a unique relation between the price chosen and the quantity sold that's there is no supply curve in a monopolistic market.

Thankyou, Hope it helped. Do leave a thumbsup

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