Why doesn't a monopolistic firm produce the level of output such that the demand elasticity is unity,

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Why doesn't a monopolistic firm produce the level of output such that the demand elasticity is unity, since that is where the largest revenue is generated?

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Principles Of Microeconomics

ISBN: 9780812224177

1st Edition

Authors: Eugene Silberberg And Gregory Ellis

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Question Posted: Nov 08, 2024 07:00 AM

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Why doesn't a monopolistic firm produce the level of output such that the demand elasticity is unity, since that is where the largest revenue is generated?
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Why doesn't a monopolistic firm produce the level of output such that the demand elasticity is unity,

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Principles Of Microeconomics

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