CSS :: Demand and Supply

@ : Home > Economics > Demand and Supply

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 monopoliist minus marginal cost of production

Answer: Option A