Economic Definition of monopoly marginal revenue curve. Defined.
Offline Version: PDF
Term monopoly marginal revenue curve Definition: A curve that graphically represents the relation between marginal revenue received by a monopoly for selling its output and the quantity of output sold. The marginal revenue curve reflects the market control held by a monopoly firm. For a monopoly firm with complete market control, the marginal revenue curve is negatively-sloped. Moreover, for a given quantity of output, marginal cost is less than price, and the marginal revenue curve lies below the demand curve.
« monopolistic competition marginal revenue curve | perfect competition marginal revenue curve »
Permalink: https://glossary.econguru.com/economic-term/marginal+revenue+curve,+monopoly