Assertion: monopoly's cost | /r/HasProperty | marginal
Facets:
Source sentences:
text: Unlike perfect competition, the monopoly determines the level of prices, which are usually above its marginal cost.
text: By determining the point at which its marginal revenue equals its marginal cost, the monopoly can find the level of output that maximizes its profit.
text: A natural monopoly has a high fixed cost for a product that does not depend on output, but its marginal cost of producing one more good is roughly constant, and small.
text: Mathematically, a natural monopoly sees its average cost decrease over all quantities of output because its marginal cost doesn't increase as the firm produces more output.
text: A natural monopoly has a high fixed cost for a product that does not depend on output, but its marginal cost of producing one more good is roughly constant, and small.