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dupoyjohn134 dupoyjohn134
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4 years ago
The extent to which a monopolist can exercise market power is limited by

▸ the income elasticity of demand.

▸ the costs of producing the product and the technology that is available.

▸ the price elasticity of supply.

▸ the ease with which consumers can substitute other products for the monopolist's product.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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antheadanthead
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dupoyjohn134 Author
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4 years ago
You make an excellent tutor!
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This site is awesome
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