Assertion: monopolist's price | /r/CapableOf | maximize profit
Facets:
Source sentences:
text: It is generally assumed that a monopolist will choose a price that maximizes profits .
text: Assuming (unrealistically, but for the sake of simplification) that a monopolist could only charge a single price for a product, it would find the unique price that maximizes its profits.
text: The challenge for the monopolist is to choose the combination of price and quantity that maximizes profits.
text: Hence, the monopoly would set a price that would maximize the profits that they gain, but cause the consumers to have to pay more for the same good.
text: Assuming (unrealistically, but for the sake of simplification) that a monopolist could only charge a single price for a product, it would find the unique price that maximizes its profits.