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Purpose – This paper aims at theoretical exploration of price and quantity setting behaviors of a monopolist encountering uncertain product demand within the mean-risk frameworks. In the microeconomic literature, the relationships between price and quantity have been traditionally studied...
Persistent link: https://www.econbiz.de/10005008722
Purpose – This paper aims at theoretical exploration of price and quantity setting behaviors of a monopolist encountering uncertain product demand within the mean‐risk frameworks. In the microeconomic literature, the relationships between price and quantity have been traditionally studied...
Persistent link: https://www.econbiz.de/10015013579