English, asked by radhakrishnaabhi3, 7 months ago

What is Monopoly explain how the price is determined under Monopoly

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Answered by Anonymous

3

Answer:

Therefore, the cross elasticity of demand between the product of the monopolist and the product of any other producer must be very low. ... PRICE-OUTPUT DETERMINATION UNDER MONOPOLY: A firm under monopoly faces a downward sloping demand curve or average revenue curve.

Answered by iniyamukil

8

Answer:

Therefore, the cross elasticity of demand between the product of the monopolist and the product of any other producer must be very low. ... PRICE-OUTPUT DETERMINATION UNDER MONOPOLY: A firm under monopoly faces a downward sloping demand curve or average revenue curve.

Therefore, the cross elasticity of demand between the product of the monopolist and the product of any other producer must be very low. ... PRICE-OUTPUT DETERMINATION UNDER MONOPOLY: A firm under monopoly faces a downward sloping demand curve or average revenue curve.please mark me as brainliest..

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