question archive What is the relationship between marginal revenue and marginal cost in a monopoly?
What is the relationship between marginal revenue and marginal cost in a monopoly?
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What is the relationship between marginal revenue and marginal cost in a monopoly?
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In a monopoly, the marginal revenue and marginal cost are equal. In a monopoly, a firm will look to maximize its profits. This is only possible if the marginal revenue and the marginal cost are equal.
