2.1 Why is the ratio of the monopolys price to its marginal cost, p/MC, larger if the...

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2.1 Why is the ratio of the monopoly’s price to its marginal cost, p/MC, larger if the demand curve is less elastic at the optimum quantity? Can the demand curve be inelastic at that quantity?

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Managerial Economics And Strategy

ISBN: 9780135640944

2nd Global Edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Oct 08, 2024 06:03 AM

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2.1 Why is the ratio of the monopolys price to its marginal cost, p/MC, larger if the...

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Managerial Economics And Strategy

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