Assume that for a particular firm’s output price = $80, marginal cost
Assume that for a particular firm’s output price = $80, marginal cost = $30, average total cost = $25. Based on this information, the firm’s Lerner Index is equal to:
A) 0.313.
B) 0.375.
C) 0.6.
D) 0.625.
ANSWER
D
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