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A firm has a Lerner index of 0.75 and charges a price of $150. The firm's marginal cost is: Multiple Choice $0. $37.50. $112.50. There
A firm has a Lerner index of 0.75 and charges a price of $150. The firm's marginal cost is:
Multiple Choice
- $0.
- $37.50.
- $112.50.
- There is not sufficient information to determine the firm's marginal cost.
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