Assertion: monopoly's profit | /r/HasProperty | maximised
Facets:
value: as with all firms
type: OTHER
Source sentences:
text: As with all firms, profits are maximised when MC = MR.
text: Total profit is maximized where marginal revenue equals marginal cost.
text: The total profits of a monopolist become, as in other cases, the maximum at the output where marginal cost becomes equal to marginal revenue.