c3f239dc_Monopoly__Characteristic_or_Event
[Perfect Competition] Firms produce where marginal cost equals marginal revenue [Monopoly] Firms produce where marginal cost equals marginal revenue and charge the corresponding price on the demand curve. [Characteristic or Event] 
Profit maximization
M a r k e t
D e m a n d a n d m a r g i n a l r e v e n u e c u r v e s
P r i c e
P r o f i t m a x i m i z a t i o n
P r o f i t
E f f i c i e n c y
Monopoly
Characteristic or Event