Monopolist’s mark-up and the elasticity of substitution
This paper analyzes the mark-up of the price of a product over marginal costs for a monopolist using Appelbaum’s theoretical model. The profit maximization model of an industry that uses the monopolist’s product as its input is formulated. Our goal is to express the monopolist’s mark-up as a functio...
Main Authors: | Ilko Vrankić, Mira Krpan, Tomislav Herceg |
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Format: | Article |
Language: | English |
Published: |
Croatian Operational Research Society
2017-01-01
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Series: | Croatian Operational Research Review |
Online Access: | http://hrcak.srce.hr/file/285557 |
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