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The book also explains the contrasting shapes of demand curves-why a product with many substitutes has a demand curve that is convex downward, whereas a monopoly's demand curve is convex upward-and shows how the elasticity of demand can be used to achieve maximum revenue, among many other intriguing insights.
- Format: Inbunden
- ISBN: 9783031953484
- Språk: Engelska
- Antal sidor: 469
- Utgivningsdatum: 2025-08-28
- Förlag: Springer International Publishing AG