For a monopoly, the demand curve equals marginal revenue at each level of output.

Name: For a monopoly, the demand curve equals marginal revenue at each level of output.
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In a monopoly, the demand curve does not equal marginal revenue at each level of output because the monopolist faces the entire market demand curve, which is downward sloping. Therefore, to sell additional units, the monopolist must lower the price, causing marginal revenue to be less than the price at all positive levels of output.

For a Monopoly, the Demand Curve Equals Marginal Revenue at Each