What price does the firm charge its customers

Reference no: EM13180695

A has $1.5 million in sales, a Lerner index of 0.57 and a marginal cost of $50. The firm competes against 800 other firms in its relevant market

a. What price does this firm charge its customers?

b. What is the firm's markup factor? What does this mean?

c. Does this firm have market power?

Reference no: EM13180695

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