Business, 23.05.2020 21:58 AM28

The U. S. Postal Service (USPS) has a constitutionally guaranteed monopoly on first-class mail. In 2015, it charged 49 cents for a stamp, which was not the pro-t-maximizing price long dash the USPS's goal, allegedly, is to break even rather than to turn a pro t. Following the postal services in Australia, Britain, Canada, Switzerland, and Ireland, the USPS allowed Stamps to sell a sheet of twenty 49 cents stamps with a photo of your dog, your mommy, or whatever for 22 dollars. That's 110 cents per stamp or a 224% markup. Stamps. com keeps the extra beyond the 49 cents it pays the USPS.
What is Stamps. com’s Lerner index?
If Stamps. com is a profit-maximizing monopoly, what elasticity of demand does it face for a customized stamp?

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The U. S. Postal Service (USPS) has a constitutionally guaranteed monopoly on first-class mail. In 2...

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