Assertion: monopolist | /r/CapableOf | choose to make the price
Facets:
Source sentences:
text: The monopolist can either choose to make the price or the quantity, but cannot do both; for example, if the monopolist chooses to set a price of OP1, the market dictates that only a quantity of OQ1 could be sold; however, if the monopolist chooses to set a quantity of OQ2 to be sold, clearly the demand curve tells us that this could only be achieved at a price of OP2.
text: It is generally assumed that a monopolist will choose a price that maximizes profits .
text: The monopolist can either choose to make the price or the quantity, but cannot do both.