Wednesday, March 28, 2007

Monopoly Graph P=MC

monopoly
A simple Monopoly Diagram.

Profit Maximisation will occur where Marginal Revenue MR = Marginal Cost MC.

More on Monopoly

More detail - Monopoly Diagram

3 comments:

Tristan said...

This graph clearly shows that profit maximisation occurs where Marginal Revenue = Marginal Cost. This kind of economic comprehension is essential knowledge that can be effectively used in casual conversation to leave your audience spellbound.

Tristan said...

This graph clearly shows that profit maximisation occurs where Marginal Revenue = Marginal Cost. This kind of economic comprehension is essential knowledge that can be effectively used in casual conversation to leave your audience spellbound.

Richard said...

Marvellous. I can see you have been making very good progress this week!