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Business, 17.12.2019 21:31 luceridiaaz

We write the percentage markup of price over marginal cost as (p - mc)/p. for a profit-maximizing monopolist, how does this markup depend on the elasticity of demand? why can this markup be viewed as a measure of monopoly power?

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We write the percentage markup of price over marginal cost as (p - mc)/p. for a profit-maximizing mo...

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