1.

According to M. Kalecki, the true measure of the degree of monopoly power is the

A. Ratio between price and marginal cost
B. Extent of monopolistic profit enjoyed by the monopolist
C. Cross-elasticity of demand for the product of the monopolist
D. Price charged by the monopolist minus marginal cost of production
Answer» B. Extent of monopolistic profit enjoyed by the monopolist


Discussion

No Comment Found