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) Marginal Revenue (MR) = Change in Total Revenue / Change in Quantity
Marginal Cost (MC) = Change in Total Cost / Change in Quantity
. Profit Maximization: Marginal Revenue = Marginal Cost (MR=MC), Monopoly price points
Firm Shutdown Point: Price = Average Variable Cost
.Unlike a competitive firm, a monopolys MR does not equal the price of the market. For a monopoly, MC = market supply.A

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