Assertion: oligopoly's profit | /r/HasProperty | bresnahan
Facets:
Source sentences:
text: The oligopolists act like a single monopolist when it comes to pricing decisions and want to maximise the joint profit instead of the firm’s single profit (Bresnahan, 1987).
text: This pricing decision leads to the result that the collusive price is way above the marginal costs at this quantity, so maximising the profit of the single companies to be as the maximised profit in the perfect competitive market (Bresnahan, 1987).