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Consider an oligopoly with five identical firms.If the residual demand elasticity is -10, what is the Lerner Index? Group of answer choices a) 0.1 b)

Consider an oligopoly with five identical firms.If the residual demand elasticity is -10, what is the Lerner Index?

Group of answer choices

a) 0.1

b) 0.02

c) 0.2

d) 0.5

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