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If the elasticity of market demand for electricity is small, the Lerner index suggests that a firm's market power is likely to be small. Is

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If the elasticity of market demand for electricity is small, the Lerner index suggests that a firm's market power is likely to be small. Is true or false. Why? Establishing a wholesale electricity market will always lower the market's electricity prices because only the power plants with lower costs can survive competition. ls true or false. Why

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