a has 15 million in sales a lerner index of 057, Macroeconomics

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a has 15 million in sales a lerner index of 057

A has $1.5 million in sales, a Lerner index of 0.57 and a marginal cost of $50. The firm competes against 800 other firms in its relevant market

a. What price does this firm charge its customers?

b. What is the firm's markup factor? What does this mean?

c. Does this firm have market power?

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Macroeconomics: a has 15 million in sales a lerner index of 057

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Macroeconomics: a has 15 million in sales a lerner index of 057

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