Assertion: monopolist | /r/CapableOf | increase his total revenue
Facets:
value: by restricting output
type: MANNER
Source sentences:
text: But it is said that no monopolist will ever fix the output for his product at any level where demand for his product is inelastic (i.e., ep < 1), it would be always possible on the part of a monopolist to increase his total revenue by restricting output (and thereby raising the price).