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What is the firm optimal markup of price over marginal cost

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Reference no: EM13333072

Suppose a monopolist has the demand function Q = 1000P-3.

A) What is the firm's optimal markup of price over marginal cost?

B) What is the firms Lerner Index?

C) If the marginal cost is $10 per unit, what is the firm's monopoly-optimal price?

Reference no: EM13333072

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