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

Q : Calculate the period of a ball tied to a string of length

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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

Q : Calculate the period of a ball tied to a string of length

Q : Did the government spending increases and large budget

Q : Draw the lewis structure for a nitrate ion no3-1 assign the

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

Q : Two submarines are moving towards each other in a portion

Q : Analyze the need for unbiased financial reporting based on

Q : Calculate the price elasticity of demand for newtons donuts

Q : A 45c point charge is placed 42cm from an identical 45c

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