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Homework answers / question archive / Why does the monopolist always produce only until that level of output where the own-price elasticity of demand is equal to unity? Elucidate this either graphically or algebraically

Why does the monopolist always produce only until that level of output where the own-price elasticity of demand is equal to unity? Elucidate this either graphically or algebraically

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Why does the monopolist always produce only until that level of output where the own-price elasticity of demand is equal to unity? Elucidate this either graphically or algebraically.

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