According to M Kalecki the true measure of the degree of monopoly power is the ........

Economics- Phase (I & II) Determination of output and employment

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According to M. Kalecki, the true measure of the degree of monopoly power is the

Ratio between price and marginal cost

Extent of monopolistic profit enjoyed by the monopolist

Cross-elasticity of demand for the product of the monopolist

Price charged by the monopolist minus marginal cost of production

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Explanation:

According to M. Kalecki, the true measure of the degree of monopoly power is the Ratio between price and marginal cost. Monopoly is the form of market organisation in which there is a single fir m selling a commodity for which there are no close substitutes.

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