Glossary · Micro · Monopoly
The monopolist's demand and marginal revenue
A monopolist’s demand curve is the market demand curve, and its marginal revenue lies below it. With a straight-line demand curve, marginal revenue has the same intercept and twice the slope, so it hits zero at half the quantity where demand does.
Also called: average revenue
Related terms
More from monopoly
Definitions are the start
See the term used, not just defined.
The full course teaches every term in context, with worked examples, interactive graphs and practice questions that remember what you get wrong.