Compare perfect competition and monopoly with respect to derivation of supply curve

Basis of Comparison Perfect Competition Monopoly
Supply curve Perfect competitive firm has supply curve.
  1. If P ≥ minimum of SAVC, then supply curve is the upward rising portion of firm’s SMC curve above the minimum point of SAVC
  2. If < minimum of SAVC, the supply curve is the vertical portion of the price axis till the price line.
No supply curve as there is no unique quantity supplied at a given price level. Also, as monopolist is the only seller in the market (i.e. price maker), so he decides the units of output to be sold on his own irrespective of the market demand.

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