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Why is marginal revenue not equal to price for a monopolist? b. Why is marginal cost not equal to the wage for a monopsonist employer?
Why is marginal revenue not equal to price for a monopolist? b. Why is marginal cost not equal to the wage for a monopsonist employer? c. Explain in words what marginal cost and marginal revenue are. d. If TR > TC, what can we say? e. If MR > MC, what can we say? f. Does MR > MC imply TR > TC
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
1st edition
978-0137036059, 133379094, 321566440, 137036051, 9780133379099, 978-0321566447
