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What would the lerner index be at the cournot equilibrium

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Question: An industry is known to face market price elasticity of demand E = -3. Suppose that this elasticity is approximately constant as the industry moves along its demand curve. The marginal cost in this industry is $10 per unit, and there are five firms in the industry. What would the Lerner index be at the Cournot equilibrium in this industry?

Reference no: EM132210293

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