Re: ISI Interview Question

Posted by Algaeconomics on Jun 19, 2017; 3:41am
URL: http://discussion-forum.276.s1.nabble.com/ISI-Interview-Question-tp7605699p7605840.html

Eh... Lerner's index tells us that monopolist operates on inelatic part of dd curve.
P- MC/ MC = 1/|€|

Only if € is between 0 and 1 can Monopolist have P>MC