At an equilibrium level of output in a pure monopoly:

Name: At an equilibrium level of output in a pure monopoly:
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In a pure monopoly, the firm maximizes profit where marginal cost (MC) equals marginal revenue (MR), not price (P). Since the demand curve is downward sloping, P > MC. Additionally, monopolies do not produce at the minimum average total cost (ATC), so P > minimum ATC.

At an Equilibrium Level of Output in a Pure Monopoly