Assertion: monopolist's revenue curve | /r/CapableOf | lie below its demand curve
Facets:
value: as a consequence
type: OTHER
value: always
type: TEMPORAL
Source sentences:
text: Why does the marginal revenue curve of a firm with market power always lies below its demand curve?
text: As a result, the marginal revenue curve lies below the demand curve.
text: It follows that a monopolist’s marginal revenue curve lies midway below its demand curve as shown in the graph below.
text: As a consequence, the firm’s marginal revenue curve lies below its demand curve.
text: The marginal revenue curve lies below the demand curve, and it bisects any horizontal line drawn from the vertical axis to the demand curve.
text: As we just saw, a monopolist usually faces a downward sloping demand curve (D) and a marginal revenue curve (MR) that lies below the demand curve.