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Suppose that the price for firm A's main product is $73. The marginal cost of producing the product is $25. Calculate the markup on price

Suppose that the price for firm A's main product is $73. The marginal cost of producing the product is $25.

Calculate the markup on price (or Lerner's Index) for this product.

Note: Enter number as a decimal between -1 and 1 to at least four significant figures

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