Glossary · Micro · Monopoly
Monopoly profit maximization
The monopolist picks the quantity where marginal revenue equals marginal cost, then reads the price off the demand curve above that quantity. Because price exceeds marginal cost, output is below the competitive level.
Also called: monopoly pricing, monopoly markup
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.