How is the price in a monopoly pm1 1ep mcdpm greater than
How is the Price in a Monopoly (Pm(1 + 1/E(P)) = MC(D(Pm)) greater than the Price in a Competitive Market (Pc = MC(D(Pc)), assuming the demand function is downward sloping and that MC(Quantity) is non-decreasing?
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how is the price in a monopoly pm1 1ep mcdpm greater than the price in a competitive market pc mcdpc assuming the
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