Assertion: monopolist | /r/CapableOf | set price
Facets:
value: at 20
type: OTHER
value: in excess of costs
type: OTHER
Source sentences:
text: To make these kind of profits (the area represented on the graph by the striped rectangle), the monopolist sets a price exceeding what might occur within a more competitive market.
text: That is why the monopolist will either set the price or sell the amount that the market will absorb or determine output which will be sold at the corresponding price.
text: A monopolist can set its price and automatically sell to every customer who is willing to buy at that price, because a monopolist has no competition.
text: What decision do monopolies face in the short run a monopolist has to set both price and quantity, and the amount of output it supplies depends on its MC and the demand curve it faces
text: In competitive markets firms are forced to ‘take’ their price from the industry itself, but a monopolist can set (make) their own price.
text: A monopolist can set a price in excess of costs, making an economic profit (shaded).
text: it is not necessary for the monopolist to set price equal to the marginal cost of supply.
text: To maximize profit, the monopolist sets price at $20
text: The monopolist sets the price according to the demand for the product at the profit-maximizing output.