Hindi, asked by arjentna, 2 months ago

कानो मे गुंजना का वाक्य

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Answered by Anonymous

Answer:

3.5.3 Sources of Monopoly

The price elasticity of demand is the most important determinant of market power, due to the pricing rule: L = (P – MC)/P = -1/Ed. When the price elasticity is large ( |Ed| > 1), the demand is relatively elastic, and the firm has less market power.

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