Bandulet, Martin; Morasch, Karl - Institut für Volkswirschaftlehre, Fakultät für … - 2003
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 …