Question
Explain through an equation why a monopolist always sets prices in the interval where the absolute value of the price elasticity of demand is greater
Explain through an equation why a monopolist always sets prices in the interval where the absolute value of the price elasticity of demand is greater than 1.
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
