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: | , , |
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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 |