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Are marginal revenue average revenue and price are all equal for a monopolist?
Wiki User
∙ 14y ago
No, they are equal in perfectly competitive firm.
source:
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Wiki User
∙ 14y ago
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The congruent sides of an isosceles triangle?
The congruent sides of an isosceles triangle are the two sides that are equal in length. These two sides are opposite the equal angles of the triangle. The third side, called the base, is not equal in length to the other two sides.
One m is equal to how many km?
One meter is equal to 0.001 kilometers.
Whats pi equal to?
Pi is a mathematical constant that is approximately equal to 3.14159. It is the ratio of a circle's circumference to its diameter.
What grade is equal to 21 out of 35?
21 out of 35 is equal to a grade of 60% when converted to a percentage.
What is 1908 minus 1776?
1908 minus 1776 is equal to 132.
A monopolist will set its production at a level where marginal cost is equal to?
A monopolist will set production at a level where marginal cost is equal to marginal revenue.
In the long run a pure monopolist will maximize profits by producing that output at which marginal cost is equal to?
marginal revenue
In the long-run a pure monopolist will maximize profits by producing that output at which marginal cost is equal to?
marginal revenue
When can monopolist earn an economic profit?
A monopolist earns economic profit when the price charged is greater than their average total cost. To maximize profits, monopolies will produce at the output where marginal cost is equal to marginal revenue. To determine the price they will set, they choose the price on the demand curve that corresponds to this level of production.
How do you find a monopolist's profit maximising...?
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
A producers profits are maximized when marginal costs are?
equal to marginal revenue
A producers profits are maximized when marginal costs are .?
equal to marginal revenue
Profits will be maximized when marginal revenue?
Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.
When marginal revenue equal to marginal cost?
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
The level of profit maximizing output is reached when marginal cost is?
equal to marginal revenue
Why is price per unit equal to the average revenue and marginal revenue of a firm under perfect competition?
Under Perfect competition , Marginal revenue is constant and equal to the prevailing market price, since all units are sold at the same price. Thus in pure competition MR = AR = P.
