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Industry demand curve for monopoly and market demand

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. When HoloIMAGine is a pure monopoly, in that case this firm confronts a demand curve which is: (w) identical to the industry demand curve. (x) perfectly price inelastic. (y) unitarily price elastic. (z) perfectly price elastic.

1959_Market Power1.png

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