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Title: The less elastic is the demand for a firm's product, the greater is that firm's market power.True ... Post by: Mairoon on Oct 18, 2017 The less elastic is the demand for a firm's product, the greater is that firm's market power.
True or False? Provide an explanation. Title: Re: The less elastic is the demand for a firm's product, the greater is that firm's market ... Post by: Tyforumca on Oct 18, 2017 True ... Because The less elastic the demand for the firm's product, the greater is the firm's ability to set price over marginal cost.
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