Economy, asked by Aalok7221, 10 months ago

Explain measurement of monopoly power.

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Answered by ksingh3483

1

Answer:

Measurement of Monopoly Power! Professor A.P. ... This divergence between price and marginal cost, according to Professor Lerner, is the indicator of the existence of monopoly power. The greater this divergence between price and marginal cost, the greater the degree of monopoly power possessed by the seller.

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