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Hello, may I have some help with this problem? The attached screenshot contains all information provided. In 2015, Apple introduced the Apple Watch. Assume that

Hello, may I have some help with this problem? The attached screenshot contains all information provided.

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In 2015, Apple introduced the Apple Watch. Assume that the cost of producing the 38mm Apple Watch Sport was $83. The price was $334. What was Apple's price/marginal cost ratio? What was its Lerner Index? If Apple is a short-run prot-maximizing monopoly, what elasticity of demand did Apple believe it faced? Apple's price/marginal cost ratio was . (Enter your response rounded to two decimal places.) The value of Apple's Lerner Index (L) was :|. (Enter your response rounded to two decimal places.) Apple's elasticity of demand (2) is . (Enter your response rounded to two decimal places and include a minus sign.)

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