13.11. An industry is known to face market price elasticity of demand (Assume this elasticity as constant
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13.11. An industry is known to face market price elasticity of demand (Assume this elasticity as constant as the industry moves along its demand curve.)
The marginal cost of each firm 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?
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