Assertion: monopolist's cost | /r/HasProperty | positive
Facets:
value: always
type: DEGREE
value: in an equilibrium situation
type: TEMPORAL
Source sentences:
text: Costs are always positive.
text: Again, if price and output were fixed at the stage where e p <1 (i.e., at R in the figure), marginal cost must be negative as here marginal revenue is negative.
text: On the other hand, as marginal cost is positive and rising one, in an equilibrium situation any reduction in output for raising the price would cause marginal cost to fall.
text: Since marginal costs are always positive, a reduction in output will reduce total cost.