Lerner index, A firm sells 10 units at a price of 20. The

Lerner index

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Reference no: EM13831860

Lerner Index

A firm sells 10 units at a price of 20. The marginal cost of production for this firm is

MC(q)=5+q.

a) What is this firm’s Lerner Index?

b) Provide an interpretation of this value.

Reference no: EM13831860

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Lerner index : A firm sells 10 units at a price of 20. The marginal cost of production for this firm is MC(q)=5+q. What is this firm’s Lerner Index?

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Lerner index

Reference no: EM13831860

Reference no: EM13831860

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