Assertion: monopolist's revenue | /r/HasProperty | total
Facets:
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).
text: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
text: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
text: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
text: Price effect for monopoly Negative; To sell last unit, monopolist must cut market price on all units sold, decreasing total revenue
text: The monopolist will maximize total revenue at a level of output where marginal revenue equals 0 and the price is above that point on the demand curve.
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).
text: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
text: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
text: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
text: A pure monopolist should never produce in the: A. elastic segment of its demand curve because it can increase total revenue and reduce total cost by lowering price.