Assertion: monopolist | /r/CapableOf | increase its output
Facets:
value: to 3 units
type: OTHER
Source sentences:
text: The monopolist faces the downward‐sloping market demand curve, so the price that the monopolist can get for each additional unit of output must fall as the monopolist increases its output.
text: Since the monopolist is unwilling lower its price to increase output (and lose revenue from its pre-existing sales), the deadweight loss persists.
text: Consequently, the monopolist's marginal revenue will also be falling as the monopolist increases its output.
text: Now, consider what happens when the monopolist increases its output to 3 units.