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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.
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 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. Firms producing relatively expensive goods would have relatively more price setting power. Firms producing necessary goods would be expected to have relatively more price setting power
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