Elucidate what is the lerner index for this industry

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Q. Suppose the demand curve for a monopolist is q=500-p, and the marginal revenue function is mr=500-2q. The monopolist has a constant marginal and average total cost of $50 per unit. what is the lerner index for this industry?

Q. I have to do a research paper on the effects of rent control. I would like to spin off of that a bit and talk about government housing. I have the idea to compare that with gated communities and other similar housing communities. The required length of the paper is at least 8 pages. It should be APA style as far as resources and font.

Reference no: EM1354520

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Elucidate what is the lerner index for this industry : Suppose the demand curve for a monopolist is q=500-p, and the marginal revenue function is mr=500-2q. The monopolist has a constant marginal and average total cost of $50 per unit. Elucidate what is the lerner index for this industry.

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