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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.4
A company has a monopoly on a certain product and faces no competition. Which type of price elasticity of supply characterizes this situation?
Perfectly Inelastic Supply.
Perfectly Elastic Supply.
Relatively Inelastic Supply.
Unit Elastic Supply.
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AP Microeconomics - 2.4 Price Elasticity of Supply
Key terms
Monopoly
Price Elasticity of Supply
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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