An application of the price elasticity of demand concept based on the third spreadsheet in this workbook (http://bit.ly/dLN94m) here we look at how a monopolist will price and from that derive the Lerner Index, which gives the relative markup of price over marginal cost, a measure of market power.
The link is in the description. You have to show the full description. Then you have to download the Excel Workbook. You can't view it in Google Docs.
ProfArvan 3 months ago