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12.2 How a profit-maximizing monopoly chooses output and price  (Page 24/24)

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  • Card 24 / 24:
    marginal profit

    profit of one more unit of output, computed as marginal revenue minus marginal cost

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Practice FlashCards 14 Key Terms 2

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Source:  OpenStax, Openstax microeconomics in ten weeks. OpenStax CNX. Sep 03, 2014 Download for free at http://legacy.cnx.org/content/col11703/1.2
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