Assertion: monopolist's profit | /r/HasProperty | total
Facets:
Source sentences:
text: Contrary to common misconception, monopolists do not try to sell items for the highest possible price, nor do they try to maximize profit per unit, but rather they try to maximize total profit.
text: By producing Q 1 instead of Q* the monopolist would reduce his total profit.
text: At this point MC > MR, thus, if the monopolist produces a little less than Q 2 , he would increase his total profit.
text: At this point MC > MR, thus, if the monopolist produces a little less than Q 2 , he would increase his total profit.