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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. Instruction: Enter your responses rounded to two decimal places. a. What price does this firm charge its customers? $ b. By what factor does this firm mark up its price over marginal cost? es

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