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15 Deriving the Marginal Revenue Curve
Автор: Dr. Rebecca Johannsen
Загружено: 2026-01-08
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@DrRebeccaJohannsen explains the marginal revenue curve and how it differs from the demand curve in imperfectly competitive markets. You’ll learn how firms with market power use marginal analysis to determine the profit-maximizing level of output where marginal revenue equals marginal cost. The lecture also highlights how this decision affects prices, output, and efficiency compared to perfectly competitive markets.
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