Assertion: monopolist's cost | /r/CapableOf | exceed price
Facets:
Source sentences:
text: B. overallocated because marginal cost exceeds price.
text: Monopolists will experience short‐run losses whenever average total costs exceed the price that the monopolist can charge at the profit maximizing level of output.
text: D. underallocated because marginal cost exceeds price.
text: C. marginal cost exceeds price.