The Theory of Imperfect Competition Figure 6-1: Monopolistic Pricing and Production Decisions Cost, C and Price. P Monopoly profits AC AC MC MR M Quantity, Q Copyright C 2003 Pearson Education, Inc Slide 6-10Copyright © 2003 Pearson Education, Inc. Slide 6-10 The Theory of Imperfect Competition Figure 6-1: Monopolistic Pricing and Production Decisions D Cost, C and Price, P Quantity, Q Monopoly profits AC PM QM MR MC AC