Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

Discover how Long Run Incremental Cost (LRIC) affects business decisions and pricing strategy with insights on cost prediction, investment impact, and financial control.

NEW YORK, Sept 19 (Reuters) - The marginal cost of nearly 5 percent of world oil supplies has risen to $70 per barrel, which is pushing the long-term price structure of the oil market higher, Goldman ...

In the final part of this series, we estimate the number of committed assets in the Gulf of Mexico that are expected to be marginal over a 60-year horizon. Our sample set includes all producing ...