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Suppose a firm sells their product at price of $194, but that its' marginal cost to produce is $100. Calculate this firm's Lerner Index. Is

Suppose a firm sells their product at price of $194, but that its' marginal cost to produce is $100. Calculate this firm's Lerner Index. Is this a competitive firm or a monopoly? Round your answers to the nearest hundredth.

Lerner Index =

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