Do you think this firm enjoys much market power explain

Assignment Help Business Economics

Reference no: EM13241969

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.

Reference no: EM13241969

Questions Cloud

How much work would be required for an external force : A +45?C point charge is placed 42cm from an identical +45?C charge. How much work would be required for an external force to move a +0.70?C test charge from a point midway

Calculate the price elasticity of demand for newton donuts : Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations. Derive an expression for the inverse demand curve for Newton's Donuts. Describe your answer and show your calcul..

Analyze the need for unbiased financial reporting : Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response. Analyze the audit opinion formulation process..

What frequency does submarines b detect : Two submarines are moving towards each other in a portion of the Atlantic Ocean where the water is calm. Sub A is moving at 14.0 m/s, What frequency does sub B detect

Do you think this firm enjoys much market power explain : 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.

Explain and draw the lewis structure for a nitrate ion : Draw the Lewis Structure for a Nitrate Ion (NO3-1). Assign the formal charge for the central atom, Nitrogen. What is that formal charge

Did the government spending increases and large budget : Did the government spending increases and large budget deficits of 2008-2011 strengthen aggregate demand?

Calculate the speed of the ball : Calculate the period of a ball tied to a string of length 0.3 m making 6.9 revolutions every second. Answer in units of s, Calculate the speed of the ball

Pick an mnc that currently does not do business in india : Pick an MNC that currently does not do business in India. Then, consider what steps this company should explore to determine the viability of entering the Indian market and establishing a major sales presence there

User Account

All Pages