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The Lerner index in the pet food industry is 0.70. Based on this information, a firm charging $33.33 per bag of food should have a

The Lerner index in the pet food industry is 0.70. Based on this information, a firm charging $33.33 per bag of food should have a marginal cost of $10.00, $14.29, $7.00 or $33.33

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