IMG_0003_NEW_0005

IMG_0003_NEW_0005 - Demand: P=P(Q) TR = P(o)'o MR = ATR/AQ...

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Monopoly Demand Curve A monopolist faces the industry demand cune. It is free to raise prices and not lose sales to competiors, but it cmot mise prices indefinitelv
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Unformatted text preview: Demand: P=P(Q) TR = P(o)'o MR = ATR/AQ = P.(^O/^O)+ {AP/AO)'O = P + (^P/^O)"O For a monopolist, MR is always l8 than price. $i unit...
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