Assertion: monopolist's profit | /r/AtLocation | competitive industry
Facets:
value: perfectly
type: MANNER
value: typically
type: DEGREE
Source sentences:
text: But since the monopoly firm does not have to worry about losing customers to competitors, it can set a Monopoly price that is significantly higher than its marginal cost, allowing it to have an economic profit that is significantly higher than the normal profit that is typically found in a perfectly competitive industry.