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Unformatted text preview: cost: MR = MC What makes a monopolist different from a competitive firm is that it faces a downward sloping demand curve: it knows that it will have to cut its price in order to sell more output. As a result, its MR curve will slope down rather than being flat like a competitive firm's....
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This note was uploaded on 04/03/2012 for the course ECN 437 taught by Professor Peterwilcoxen during the Spring '12 term at Syracuse.
- Spring '12