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

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

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