Monopoly Supply

Atlantic Economic Journal, Vol. 18, No. 4, pp. 32-37

6 Pages Posted: 29 Dec 2009 Last revised: 3 Aug 2010

See all articles by G. K. Kripalani

G. K. Kripalani

affiliation not provided to SSRN

George S. Tolley

University of Chicago - Department of Economics

Philip E. Graves

University of Colorado at Boulder - Department of Economics

Robert L. Sexton

Pepperdine University - Economics Department

Date Written: December 1, 1990

Abstract

We show here that the usual textbook declaration that there is no such thing as a "supply curve" for a monopoly can be confusing for students and is at least somewhat misleading. The perfect competition case corresponds to a "one-parameter" demand curve facing the firm; varying that parameter results in the predictable firm behavior we call the supply curve. But, varying any one parameter of a multiple parameter demand curve facing the monopoly firm (e.g. varying either the constant or the slope parameter of a linear demand curve) is shown to also result in predictable behavior that could well be referred to as a monopoly supply curve.

Keywords: Monopoly, Supply, Monopoly supply

JEL Classification: D41, D42, D21, A22, A23

Suggested Citation

Kripalani, G. K. and Tolley, George S. and Graves, Philip E. and Sexton, Robert L., Monopoly Supply (December 1, 1990). Atlantic Economic Journal, Vol. 18, No. 4, pp. 32-37. Available at SSRN: https://ssrn.com/abstract=1529132

G. K. Kripalani

affiliation not provided to SSRN

George S. Tolley

University of Chicago - Department of Economics ( email )

1126 East 59th Street
Chicago, IL 60637
United States
312-431-1540 (Phone)
312-431-1170 (Fax)

Philip E. Graves (Contact Author)

University of Colorado at Boulder - Department of Economics ( email )

Campus Box 256
Boulder, CO 80309-0256
United States

Robert L. Sexton

Pepperdine University - Economics Department ( email )

24255 Pacific Coast Highway
Malibu, CA 90263
United States

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