The Lerner Index informs us of what kind of goods we'd expect to see higher markups, i.e. price relative to the marginal cost of production. Which of the following statement is consistent with this perspective and the implications of the Lerner Index? Group of answer choices Firms producing necessary goods would be expected to have relatively less price setting power. Firms producing relatively inexpensive goods would have relatively more price setting power. All of these are consistent with the implications of the Lerner Index. Firms with goods that are highly elastic would have relatively more price setting power