Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will______.

Sagot :

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set a lower price in the market that is more price elastic. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes.

Along with demand, supply also exhibits elasticity, which is referred to as price elasticity of supply. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered.

To learn more about elasticity, click here.

https://brainly.com/question/13479805

#SPJ4