Assertion: monopolist's price | /r/CapableOf | equal marginal cost
Facets:
value: in a perfectly competitive market
type: OTHER
value: in regulation
type: LOCATION
Source sentences:
text: In a perfectly competitive market, price equals marginal cost.
text: A PC company maximizes profits by producing such that price equals marginal costs.
text: : In a perfectly competitive market, price equals marginal cost.
text: A. there will be many firms in this market, all of whom will take the market price as given and produce where price equals marginal cost
text: C. there will only be 1 firm in this market, and they will take the price as given and produce where price equals marginal cost
text: if price equals marginal cost in regulation, customers will buy outpit that maximized surplus, efficient
text: That is why we say price equals marginal cost.
text: : A PC company maximizes profits by producing such that price equals marginal costs.