Assertion: monopolist | /r/CapableOf | maximize profit
Facets:
value: at that output
type: MANNER
value: because of the differences
type: CAUSE
Source sentences:
text: Thus to maximize profit a monopolist cannot charge any price whatever he likes.
text: To maximize its profit, a monopolist would choose which of the following outcomes?
text: That is, a monopolist can maximize its profits by charging a separate profit-maximizing price for each type or group of customers (e.g., different income levels, professions, education levels, geographic locations or ethnicities) rather than by charging one profit maximizing price to all customers taken as a whole, because of the differences that generally exist among the different types or groups of customers with respect to their ability and willingness4 to pay.
text: What does the graph look like for monopolists maximizing profit?
text: This means there will be people willing to pay more than the cost of production which will not be able to purchase the good because the monopolist is maximizing profit.
text: The monopolist cannot charge the highest price possible, it will maximize profit where TR minus TC is the greatest.
text: When MC = MR, the monopolist is maximizing profit because: (Check all that apply.)
text: To maximize profit, the monopolist sets price at $20
text: A monopolist has to lower its quantity relative to the competitive market to maximize profits because the monopolist is already in control of the biggest part of the market.
text: Monopolist cannot charge the highest price it can get, because it will maximize profits where total revenue minus total cost is greatest.
text: The monopolist, like the perfect competitor, maximizes profits at that output where marginal revenue equals marginal cost.
text: To maximize profits, the monopolist will produce up to the point where marginal revenue equals marginal cost (MR = MC).