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Home > Principles of Microeconomics (Video) > The Monopoly Markup
Podcast: Principles of Microeconomics (Video)
Episode:

The Monopoly Markup
Category: Education
Duration: 00:08:55
Publish Date: 0000-00-00 00:00:00
Description: Ever wonder why pharmaceuticals are so expensive? In this video, we show how low elasticity of demand results in monopoly markups. This is especially the case with goods that involve the “you can’t take it with you” effect (for example, people with...
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