Assertion: oligopoly's profit | /r/HasProperty | maximum
Facets:
value: given the profit of b
type: OTHER
value: at oq 1 output
type: OTHER
Source sentences:
text: At OQ 1 output, profit is maximum.
text: Now, at any point on this line, the industry’s profit is maximum, i.e., the profit of A is maximum given the profit of B and the profit of B is maximum given the profit of A, i.e., the iso-profit curve of A is the lowest, given the iso-profit curve of B and the iso-profit curve of B is the lowest, given the iso-profit curve of A, i.e., at any point on the line LM, the iso-profit curves of the two firms are tangent to each other.