Share This Article:

Economic Definition of marginal analysis monopolistic competition. Defined.

Offline Version: PDF

Term marginal analysis monopolistic competition Definition: A monopolistically competitive firm produces the profit-maximizing quantity of output that equates marginal revenue and marginal cost. This marginal approach is one of three methods that used to determine the profit-maximizing quantity of output. The other two methods involve the direct analysis of economic profit and a comparison of total revenue and total cost.

 

« loss minimization monopolistic competition | profit analysis monopolistic competition »

Permalink: http://glossary.econguru.com/economic-term/monopolistic+competition,+marginal+analysis

Alphabetical Reference to Over 2,000 Economic Terms