Assertion: monopolist's quantity | /r/HasProperty | demanded by the market
Facets:
Source sentences:
text: However, if ATC declines over the quantity demanded by the market, then a single firm can dominate that market, since other firms would not be able to achieve the same economies of scale when the market is already dominated by a seller.
text: This situation, when economies of scale are large relative to the quantity demanded in the market, is called a natural monopoly.
text: The primary characteristic of a natural monopoly is that its average total cost declines continually over any quantity demanded by the market.