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.
||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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