Assertion: monopoly's cost | /r/HasProperty | the same
Facets:
value: as for the competitive industry
type: OTHER
value: for the monopolist
type: TRANSITIVE-OBJECT
Source sentences:
text: It is a discriminatory monopoly no matter if the costs in the production of the good are the same.
text: Assume now that this industry is monopolized as a result, say, of one firm taking over all the other suppliers but that each plant's cost curve is unaffected by this change, that is, there are no ECONOMIES OF SCALE or DISECONOMIES OF SCALE arising from the coordinated planning of production by the monopolist - thus marginal costs will be the same for the monopolist as for the competitive industry, and, hence, their supply curves will be identical.