Assertion: monopolist's price | /r/HasProperty | p c
Facets:
Source sentences:
text: If by law monopolist was forced to charge a price P c , the monopolist would face a horizontal dc
text: In the case of perfect competition, then the firm will simply produce at the competitive price, Pc, where the supply and demand curves interact.
text: the monopolist is told to charge P. for each unit of the good consumer demand the socially efficient output Q Since the monopolist is a price-taker at the controlled price P c , it is loss-minimising for the monopolist to produce Q at which P = MR = MC.
text: A third solution to monopoly problem is to order the monopolist to produce at the efficient point E’ at the price P c and provide a government subsidy to cover the losses.