1. Why under this measure do we divide P minus MR by price? 2. What would be...

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1. Why under this measure do we divide P minus MR by price?

2. What would be the best way of measuring the market power of (a) a pop star; (b) the local football club?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 07:46 AM

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1. Why under this measure do we divide P minus MR by price? 2. What would be...

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1 To get a proportionate measure Under this measure a perfectly competitive market w...View the full answer

Economics

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