Bandulet, Martin (contributor); Morasch, Karl (contributor) - 2003 - [Elektronische Ressource]
success in
any business. Also personalization has been the traditional way of production in
many areas of craftsmanship as for … a resulting monopoly price pM(i⁄) = 1=4.
While at this equilibrium monopoly distortions in the pricing decision are … been observing, the monopolist
will choose a price pMi to solve the proflt maximization problem:
pMi = argmaxp
i
…Mi = wi …