The ability of a monopoly to charge a price that exceeds marginal cost depends o

Question

The ability of a monopoly to charge a price that exceeds marginal cost depends on        the price elasticity of supply.       the price elasticity of demand.        the slope of the demand curve.       shape of the marginal cost curve.
The ability of a monopoly to charge a price that exceeds marginal cost depends on        the price elasticity of supply.       the price elasticity of demand.        the slope of the demand curve.       shape of the marginal cost curve.
       the price elasticity of supply.       the price elasticity of demand.        the slope of the demand curve.       shape of the marginal cost curve.

Explanation / Answer

price elasticity of demand

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