A has 1.5 million in sales a lerner index of 0.57 and a, Ask an Expert

Economics

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?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9470789

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