Suppose a firms inverse demand curve is p 100 - q and its
Suppose a firm's inverse demand curve is P = 100 - Q and its marginal cost is constant at $20. Show that the value of the Lerner index at the profit-maximizing quantity is 0.67. Find the corrisponding price elasticity of demand.
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assignmentplease complete one of the following assignments incorporating ideas and concepts from the weeks lecture
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