Share This Article:

Economic Definition of monopolistic competition marginal revenue. Defined.

Offline Version: PDF

Term monopolistic competition marginal revenue Definition: The change in total revenue received by a monopolistically competitive firm resulting from a change in the quantity of output sold. For a monopolistically competitive firm, marginal revenue is less than the price.


« marginal revenue product schedule | monopoly marginal revenue »


Alphabetical Reference to Over 2,000 Economic Terms