MCQOPTIONS
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| 1. |
According to M. Kalecki, the true measure of the degree of monopoly power is the |
| A. | Ratio between price and marginal cost |
| B. | Extent of monopolistic profit enjoyed by the monopolist |
| C. | Cross-elasticity of demand for the product of the monopolist |
| D. | Price charged by the monopolist minus marginal cost of production |
| Answer» B. Extent of monopolistic profit enjoyed by the monopolist | |