The monopolist's input demand curve is equal to its

Name: The monopolist's input demand curve is equal to its
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The monopolist's input demand curve shows the amount of input the monopolist is willing to buy at each price. Since the monopolist is a profit maximizing firm, it will only buy additional units of input if the marginal revenue product of the input is greater than its price or marginal cost. Therefore, the monopolist's input demand curve is equal to its marginal revenue product curve.

The Monopolist's Input Demand Curve Is Equal to Its