Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.15

-0.2%

1:27 PM EST

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To: wbmw who wrote (247746)	2/13/2008 5:49:53 PM
From: gvatty	Read Replies (2) of 275872

Wbmw, the theory exists, but it doesn't work with a monopoly. What you don't understand is that elasticity doesn't matter to a pure monopoly. The monopoly can dictate the demand. The monopoly can make 10,000 units of an item and charge $1 per unit to gross $10,000, or it can make 1,000 units and charge $10 per unit to make the $10,000.

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