Assertion: monopolist's revenue | /r/CapableOf | exceed marginal cost
Facets:
Source sentences:
text: If marginal revenue exceeds marginal cost, a monopolist increases profit by producing
text: The monopoly could seek out the profit-maximizing level of output by increasing quantity by a small amount, calculating marginal revenue and marginal cost, and then either increasing output as long as marginal revenue exceeds marginal cost or reducing output if marginal cost exceeds marginal revenue.
text: Indeed, the monopoly could seek out the profit-maximizing level of output by increasing quantity by a small amount, calculating marginal revenue and marginal cost, and then either increasing output as long as marginal revenue exceeds marginal cost or reducing output if marginal cost exceeds marginal revenue.
text: The monopoly could seek out the profit-maximizing level of output by increasing quantity by a small amount, calculating marginal revenue and marginal cost, and then either increasing output as long as marginal revenue exceeds marginal cost or reducing output if marginal cost exceeds marginal revenue.
text: The monopoly could seek out the profit-maximizing level of output by increasing quantity by a small amount, calculating marginal revenue and marginal cost, and then either increasing output as long as marginal revenue exceeds marginal cost or reducing output if marginal cost exceeds marginal revenue.
text: Indeed, the monopoly could seek out the profit-maximizing level of output by increasing quantity by a small amount, calculating marginal revenue and marginal cost, and then either increasing output as long as marginal revenue exceeds marginal cost or reducing output if marginal cost exceeds marginal revenue.
text: A competitive firm maximizes profit at the point where average revenue equals marginal cost; a monopolist maximizes profit at the point where average revenue exceeds marginal cost.
text: If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.
text: If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.
text: If the marginal revenue exceeds the marginal cost, then the firm can increase profit by producing one more unit of output.
text: If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.
text: If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.