Assertion: monopoly's price | /r/HasProperty | pm
Facets:
Source sentences:
text: The fall in unit costs as a result of monopolization moves the marginal cost curve of the monopolist (MCm) to the right of the original supply curve (Spc) so that more is produced (Qm) at the lower price (Pm).
text: However, if the monopolist in such an industry introduces cost-saving innovations, the entire marginal cost curve may fall so that the monopolist may actually produce more (Qm) at a lower price (Pm) than the original competitive industry, even if the monopolist fully exploits his market power.
text: Firms with monopoly power can set higher prices (Pm) than in a competitive market (Pc).
text: This will be at the quantity Qm and at the price Pm .