Mc(quantity) is non-decreasing

Reference no: EM13881676

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?

Reference no: EM13881676

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Mc(quantity) is non-decreasing : 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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