Assertion: monopolist's quantity | /r/CapableOf | produce identical
Facets:
value: to that of a competitive company
type: OTHER
Source sentences:
text: If the monopoly were permitted to charge individualised prices (this is termed third degree price discrimination), the quantity produced, and the price charged to the marginal customer, would be identical to that of a competitive company, thus eliminating the deadweight loss; however, all gains from trade (social welfare) would accrue to the monopolist and none to the consumer.