Assertion: monopolist | /r/HasProperty | a price taker
Facets:
value: at the controlled price
type: MANNER
Source sentences:
text: A purely competitive firm is a "price maker," while a monopolist is a "price taker.
text: Both a competitive firm and a monopolist are price takers.
text: the monopolist is told to charge P. for each unit of the good consumer demand the socially efficient output Q Since the monopolist is a price-taker at the controlled price P c , it is loss-minimising for the monopolist to produce Q at which P = MR = MC.
text: But since a monopolist is a price-setter he must take both price and output decisions.
text: Instead, the monopolist is a price searcher; it searches the market demand curve for the profit maximizing price.
text: Is a monopolist a price taker?
text: Is a monopolist a price taker?
text: Is a monopolist a price taker?
text: A competitive firm is a price maker, whereas a monopolist is a price taker.