A firm has 15 million in sales a lerner index of 057 and a, Business Economics

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A firm has 15 million in sales a lerner index of 057 and a

A firm has $1.5 million in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in its relevant market. (a) What price does this firm charge its customers? (b) By what factor does this firm mark up its price over marginal cost? (c) Do you think this firm enjoys much market power? Explain.

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Business Economics: A firm has 15 million in sales a lerner index of 057 and a

Reference No:- TGS0580689

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Pick an mnc that currently does not do business in india

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Request for Solution File

Ask an Expert for Answer!!

Business Economics: A firm has 15 million in sales a lerner index of 057 and a

Reference No:- TGS0580689

Recent Questions Asked Business Economics

Q : Pick an mnc that currently does not do business in india

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