I thought that when the hypothetical monopolist can raise prices by >= 5% the product market has been defined. Mr. Evans says the opposite at 4:30 (and also contradicts what he said at 2:44, 3:20, 4:11)
gshatadal 2 months ago
I thought that when the hypothetical monopolist can raise prices by >= 5% the product market has been defined. Mr. Evans says the opposite at 4:30 (and also contradicts what he said at 2:44, 3:20, 4:11)
gshatadal 2 months ago