Grebennikov, Petr I (2010): The theorem of consumer surplus and demand elasticity at equilibrium price in a monopolist competition case. Published in:
Download (156Kb) | Preview
In the market of a monopolistically competition the price of a long-run equilibrium, the consumers’ surplus is equal to a half of fixed cost value, and the price elasticity is equal to the ratio of total to fixed costs.
|Item Type:||MPRA Paper|
|Original Title:||The theorem of consumer surplus and demand elasticity at equilibrium price in a monopolist competition case|
|English Title:||The theorem of consumer surplus and demand elasticity at equilibrium price in a monopolist competition case|
|Keywords:||consumer surplus; price elasticity|
|Subjects:||D - Microeconomics > D4 - Market Structure and Pricing > D43 - Oligopoly and Other Forms of Market Imperfection|
|Depositing User:||Petr I Grebennikov|
|Date Deposited:||07. Oct 2011 16:50|
|Last Modified:||19. Feb 2013 01:19|
Chamberlin, Edward H. Theory of Monopolistic Competition. Cambridge, MA: Harvard University Press.1933.
Robinson, Joan V. The Economics of Imperfect Competition. London: Macmillan. 2d ed., 1969.