Assertion: oligopoly's cost | /r/HasProperty | mc
Facets:
Source sentences:
text: However, a monopolistically competitive firm cannot maximize profit when faced with inelastic demand because the marginal revenue (MR) is negative, implying that the marginal cost (MC) would be negative.
text: Assume that marginal cost is C M =12.
text: q B th unit of output in plant B, and the additional cost of producing that unit is either MC A or MC B , and MC A = MC B .
text: Such a situation is not possible, where marginal revenue (MR) and marginal cost (MC) are both negative (Arnold 246).
text: Monopolistic competitors advertise because the demand may increase and become inelastic, and, on the other hand, the marginal cost (MC) and average cost (AC) are likely to rise at the same time.
text: Thus, all the firms have the same marginal cost (MC) such that MC = MR (marginal revenue).
text: Conditions (14.75) and (14.76) give us that two (or more) oligopoly firms under collusion (here firms A + B) would distribute the production of any particular quantity of output between their plants in such a way that the marginal cost (MC) in each plant may become the same.