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Monopoly mr price - PowerPoint PPT Presentation

Profit Maximization: Marginal Revenue and Marginal Cost

Monopoly and Efficiency. Preview: Monopoly and Perfect Competition. Similarity: Motivation. Both the monopoly firm and the perfectly competitive firm seek to maximize profit. Difference: Marginal Revenue (MR). Competitive firm: MR = Price. Monopoly firm: MR < Price.

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Monopoly mr price - PowerPoint PPT Presentation

Profit Maximization: Marginal Revenue and Marginal Cost