Assertion: monopolist's price | /r/CapableOf | exceed marginal cost
Facets:
Source sentences:
text: in competitive markets, price equals marginal cost while in monopolized markets, price exceeds marginal cost.
text: First, at its optimum output the firm charges a price that exceeds marginal costs, The MC firm maximizes profits where marginal revenue = marginal cost.
text: markup over marginal cost for a competitive firm, price = marginal cost for a monop competitive firm, price exceeds marginal cost because the firm has some market power
text: An important economic problem associated with pure monopoly is that, at the profit maximizing outputs, resources are: A. overallocated because price exceeds marginal cost.
text: C. underallocated because price exceeds marginal cost.
text: C. Underallocated because price exceeds marginal cost.
text: Since the MC firm's demand curve is downward sloping this means that the firm will be charging a price that exceeds marginal costs.
text: - economic profits are at a maximum, and price exceeds marginal costs at all times