Monopolist''s profit-to-revenue ratio, Microeconomics

"Take a monopolist with a constant average cost. The higher is the elasticity of demand at the chosen monopoly price, the higher is the monopolist's profit-to-revenue ratio." Explain the statement.

Posted Date: 3/28/2013 12:51:53 AM | Location : United States







Related Discussions:- Monopolist''s profit-to-revenue ratio, Assignment Help, Ask Question on Monopolist''s profit-to-revenue ratio, Get Answer, Expert's Help, Monopolist''s profit-to-revenue ratio Discussions

Write discussion on Monopolist''s profit-to-revenue ratio
Your posts are moderated
Related Questions
What are the 2 approaches in which results into a higher satisfaction?

reasons for and against free trade with foreign sector

What are the economies and diseconomics of scale?

firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag

DETERMINATION OF EXCHANGE RATES: When we study the determinants of exchange rates, we must distinguish between long run determinants and short run because the determinants in


Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

ELEMENTARY THEORY OF PRICE FORMATION: DEMAND-SUPPLY ANALYSIS: We discuss the elementary theory of price formation. Demand curve in the market is derived from the aggregate con

Explain the key assumptions and desired properties commonly used economics. Economists generally make all or some of the given key assumptions and a condition while they study