In 2016, Microsoft's Surface Pro 4 laptop and tablet sold for $735. Its marginal cost was about
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In 2016, Microsoft's Surface Pro 4 laptop and tablet sold for $735. Its marginal cost was about \(\$ 470 .{ }^{15}\) What was its Lerner Index? If it was operating at the shortrun profit-maximizing level, what was the elasticity of demand for the Surface Pro?
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