Unformatted text preview: revenue and marginal revenue values are identical. MRP is Price × MPP under competition. This same value is MR × MPP under imperfect markets. MRP = MPP × Price → Competition MRP = MPP × MR → Monopoly, Oligopoly etc....
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This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10