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Monopoly environment: We know the cost curve is C (q) = zq^2 + yq + x ; and demand curve is: P= a - b*
Monopoly environment:
We know the cost curve is C (q) = zq^2 + yq + x ; and demand curve is: P= a - b* q;
Wish to know the price elasticity of demand? And why it does not change on the curve, instead, along the curve.
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