Assertion: monopolist's profit | /r/HasProperty | maximized
Facets:
value: as with all firms
type: OTHER
value: by treating each location
type: MANNER
Source sentences:
text: Total profit is maximized where marginal revenue equals marginal cost.
text: By equating MR and MC, we can verify that profit is maximised when Q = 10, which corresponds to a price of £30.
text: If the monopolist is seeking maximum profits, it should: A. retain its current price-quantity combination.
text: Total profit is maximized where marginal revenue equals marginal cost.
text: Total profit is maximized where marginal revenue equals marginal cost.
text: Total profit is maximized where marginal revenue equals marginal cost.
text: Total profit is maximized where marginal revenue equals marginal cost.
text: If profits are maximized (or losses minimized), which of the following conditions is common to both unregulated monopoly and to pure competition?
text: Profit is maximized by treating each location as a separate market.
text: When the price of goods in each market area is set by each market then overall profit is maximized.
text: Profit is maximised when MR = MC, so the slopes are equal.
text: As with all firms, profits are maximised when MC = MR.