Assertion: monopoly's cost | /r/HasProperty | constant
Facets:
value: roughly
type: DEGREE
Source sentences:
text: The following diagram assumes that average cost is constant, and equal to marginal cost (ATC = MC).Under perfect competition, equilibrium price and output is at P and Q.
text: A natural monopoly has a high fixed cost for a product that does not depend on output, but its marginal cost of producing one more good is roughly constant, and small.
text: A natural monopoly has a high fixed cost for a product that does not depend on output, but its marginal cost of producing one more good is roughly constant, and small.