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Why does a monopoly have no supply curve?
A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity together; there is no combination of quantity supplied and price under a monopoly. The best we can say is that there is a 'supply point' that is set by the monopoly.
In markets, the invisible hand allocates resources efficiently a. in all cases b. when there are positive externalities, but not when there are negative externalities c. when there
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implications of varios market structure for price determination
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