A firm has 1300000 in sales a lerner index of 064 and a, Ask an Expert

Economics

A firm has $1,300,000 in sales, a Lerner index of 0.64, and a marginal cost of $40, and competes against 900 other firms in its relevant market.

What price does this firm charge its customers?

By what factor does this firm mark up its price over marginal cost?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708525

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