A monopolist sells to two markets in market 1 there is a, Ask an Expert

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A monopolist sells to two markets: in market 1 there is a constant elasticity of demand e1 <-1; in market 2 there is a constant elasticity of demand e2> -1 The monopolist charge a higher price in the market with the "more elastic" demand (i.e., the one with a more negative value of e).

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92188390

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