Question
A firm has $1,000,000 in sales, a Lerner index of 0.65, and a marginal cost of $35, and competes against 1000 other firms in its
A firm has $1,000,000 in sales, a Lerner index of 0.65, and a marginal cost of $35, and competes against 1000 other firms in its relevant market. What price does this firm charge its customers?
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
