Question
The demand for a monopolist's output is 5,000/( p + 5) 2 , where p is the price it charges. At a price of $4,
The demand for a monopolist's output is 5,000/(p + 5)2, where p is the price it charges. At a price of $4, the elasticity of demand for the monopolist's output is
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
