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Unformatted text preview: control . As the demand curve becomes more flexible or flatter the monopolist’s control starts declining. This can be explained with the help of Figure 39. In the figure there are two demand curves. DD 1 is rigid or less flexible showing greater monopoly control. DD 2 is flatter or more flexible and depicts a lower degree of monopoly control....
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This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10