Showing 1 - 5 of 5
A standard result from static economic theory is that a monopolist with zero cost will maximize profits by charging the price at which the demand has unit elasticity. Yet, the demand for petroleum, as seen by consumers, is price inelastic, and empirical estimates of the price elasticity for...
Persistent link: https://www.econbiz.de/10004983681
Persistent link: https://www.econbiz.de/10001816266
Persistent link: https://www.econbiz.de/10001816705
Persistent link: https://www.econbiz.de/10001816906
Persistent link: https://www.econbiz.de/10005363905