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What was its lerner? index

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Reference no: EM132160362

In? 2015, Apple introduced the Apple Watch. Assume that the cost of producing the 38mm Apple Watch Sport was ?$82.

The price was ?$339. What was? Apple's price/marginal cost? ratio? What was its Lerner? Index? If Apple is a? short-run profit-maximizing? monopoly, what elasticity of demand did Apple believe it? faced?

?(Enter your response rounded to two decimal places and include a minus?sign.)

Reference no: EM132160362

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