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

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

A.           Ratio between price and marginal cost      

B.            Extent of monopolistic profit enjoyed by the monopolist

C.            Cross-elasticity of demand for the product of the monopolist   

D.           Price charged by the monopoliist minus marginal cost of production

Answer: Ratio between price and marginal cost