For a monopoly, marginal revenue equals:

Name: For a monopoly, marginal revenue equals:
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Marginal revenue for a monopoly is the additional revenue from selling one more unit, which includes the revenue from the sale of that unit at the new price minus the revenue lost by having to lower the price on all units sold to sell that additional unit. This is because a monopoly faces a downward-sloping demand curve and must lower its price to sell more units, affecting the revenue from previously sold units.

For a Monopoly, Marginal Revenue Equals