Ask Question
31 December, 12:47

No firm is completely sheltered from rivals; all firms compete for consumer dollars. if that is so, then pure monopoly does not exist." a monopoly is more likely to persist if the cross price elasticity of demand is

+1
Answers (1)
  1. 31 December, 12:51
    0
    The answer to the given question is "Positive and less than 1".

    No firm is completely sheltered from rivals: all firms compete for the consumer dollar. If that is so, then pure monopoly does not exist. "A monopoly is more likely to persist if the cross-price elasticity of demand is Positive and less than 1".
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “No firm is completely sheltered from rivals; all firms compete for consumer dollars. if that is so, then pure monopoly does not exist." a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers