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Business, 12.03.2021 16:10 blacklifewed

Why is the ratio of the​ monopoly's price to its marginal​ cost, ​, ​smaller, the more elastic the demand curve at the optimum​ quantity? Can the demand curve be inelastic at that​ quantity? The ratio of the​ monopoly's price to its marginal​ cost, ​, is smaller the less elastic the demand curve is at the optimum quantity​ because, as a function of ​, nothing. ​(Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts.​ E. g., a fraction can be created with the​ / character.)

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