Assume a monopolistic publisher has agreed to pay an author 15 percent of the total revenue from

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Assume a monopolistic publisher has agreed to pay an author 15 percent of the total revenue from the sales of a text. Will the author and the publisher want to charge the same price for the text? Explain.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:45 AM

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Assume a monopolistic publisher has agreed to pay an author 15 percent of the total revenue from

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The publisher is a monopolist seeking to maximize profits This will occur at the quan...View the full answer

Economics

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