What is the IEPR? How does it relate to the monopolist's profit-maximizing condition, MR = MC?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:59 AM

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What is the IEPR? How does it relate to the monopolist's profit-maximizing condition, MR = MC?

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IEPR is the Inverse Elasticity Pricing Rule Thi...View the full answer

Microeconomics

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