Calculate lerner index for firms and interpret your results, Microeconomics

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Calculate lerner index for firms and interpret your results

Problem

Suppose there are two firms that produce two different goods, one with a price elasticity of demand of -0.3 and the other with a price elasticity of demand of -3. Calculate the Lerner Index for both firms and interpret your results.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate lerner index for firms and interpret your results

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Microeconomics: Calculate lerner index for firms and interpret your results

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