Assertion: monopolist's cost | /r/HasProperty | variable
Facets:
Source sentences:
text: But, if the monopolist fails to cover up variable cost, i.e., if P < AVC, only then will he suspend production.
text: When demand is linear and marginal cost is constant, profit maximising price can be determined using the midpoint.
text: Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.
text: Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.
text: Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to What is the marginal revenue from the sale of the 4th unit?
text: The following diagram assumes that average cost is constant, and equal to marginal cost (ATC = MC).Under perfect competition, equilibrium price and output is at P and Q.