price it could get more revenue by selling the same amount at the market price, while at any higher price no one would buy any quantity. Total revenue equals the market price times the quantity the firm chooses to produce and sell.

Monopoly

As with a perfect competitor, a monopolist's total revenue is the total receipts it can obtain from selling goods or services to buyers. It can be written as , which is the price of the goods multiplied by the quantity of the sold goods. A monopolist's

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