Assertion: oligopoly's cost | /r/HasProperty | equal
Facets:
value: to the market price
type: OTHER
value: ideally
type: DEGREE
value: to the additional revenue
type: OTHER
value: for the firms
type: OTHER
Source sentences:
text: Suppose marginal costs were equal for the firms (so the leader has no market advantage other than first move) and in particular c 1 = c 2 = 1000 {\displaystyle c_{1}=c_{2}=1000} .
text: This in essence implies that the additional cost that Sprint incurs when introducing a new service is ideally equal to the additional revenue that would be realized per customer that it has.
text: In perfect competitions the market participants can maximise their profit by producing the quantity where the marginal costs of producing a unit is equal to the market price which itself is equal to the marginal revenue.