I'm a student so I'm not 100% sure, but I'd say probably not, because one of the characteristics of a monopoly is the fact that it produces where MR=MC, showing the fact that it is a price-setter, and I don't think that fact can be convincingly conveyed in just a S&D diagram.
No average cost curve?
michelle ibezim no
Can we just use Supply and demand?
I'm a student so I'm not 100% sure, but I'd say probably not, because one of the characteristics of a monopoly is the fact that it produces where MR=MC, showing the fact that it is a price-setter, and I don't think that fact can be convincingly conveyed in just a S&D diagram.
Karan Garg thank you very much
❤