Assertion: monopolist's price | /r/HasProperty | equal
Facets:
value: to average cost
type: OTHER
value: under perfect competition
type: OTHER
value: in long period
type: TEMPORAL
value: to one over one
type: OTHER
value: to the reciprocal
type: OTHER
Source sentences:
text: Samuelson indicates this point on the Consumer Demand curve is where Price is equal to one over one plus the reciprocal of the price elasticity of demand.
text: In long period, under perfect competition, price is equal to average cost.
text: B. any price above that which is equal to a minimum average total cost.
text: If a regulatory commission wants to provide a natural monopoly with a fair return, it should establish a price that is equal to: A. minimum average fixed cost.