Title
(2) The Declining Marginal Revenue Curve in Monopoly
Topic Category
Monopoly
Publication Date
2011
Keywords
Monopoly, Marginal Revenue
Abstract
This explains why the Marginal Revenue firm for a Monopoly is different from price, and that the Marginal Revenue Curve Declines more rapidly than the Average Revenue (Demand) Curve
Recommended Citation
Crane, Steven E., "(2) The Declining Marginal Revenue Curve in Monopoly" (2011). Principles of Microeconomics. Paper 52.
http://epublications.marquette.edu/microecon_learning/52
Run Time
6:27
Primary Discipline
Microeconomics
Skills Delivered
Ability to explain why Marginal Revenue might decline more rapidly than Average Revenue (Price). Ability to draw and explain a typical Monopoly's Average and Marginal Revenue Curves.
Rigor Level
2000
Prerequisites
Overview of Market Structure Videos
COinS