Assertion: monopolist | /r/CapableOf | lower price
Facets:
value: to sell more output
type: PURPOSE
value: for all consumers
type: TRANSITIVE-OBJECT
value: in order to sell more of its product
type: PURPOSE
value: for every other unit
type: OTHER
value: for the additional unit
type: TRANSITIVE-OBJECT
value: to boost sales
type: PURPOSE
Source sentences:
text: Price will exceed marginal revenue because the monopolist must lower price to boost sales and cannot price discriminate in most cases.
text: In order to sell more of its product, the monopolist must lower its price, not only for the additional unit but for every other unit as well.
text: C. when a monopolist lowers price to sell more output, the lower price applies to all units sold.
text: When a monopolist lowers price to sell more output, the lower price applies to all units sold.
text: Making these transactions happen would raise total surplus, but the monopolist doesn't want to do so because lowering the price to sell to additional consumers would not be profitable due to the fact that it would have to lower prices for all consumers.
text: Because a monopolist must lower its price in order to sell another unit of output, a. marginal revenue is less than price.