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An industry comprises three firms A, B and C. Firm A has market share of 50% and has marginal cost of 66. Firm B has
An industry comprises three firms A, B and C. Firm A has market share of 50% and has marginal cost of 66. Firm B has market share of 30% and has marginal cost of 90. Firm C has market share of 20% and has marginal cost of 100. If the market price is 160, what is the Lerner Index in this industry
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