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The Lerner index is 0.71. Find the markup over marginal cost. An industry commonly suggests using a markup factor of 9.22 to price goods. Find
- The Lerner index is 0.71. Find the markup over marginal cost.
- An industry commonly suggests using a markup factor of 9.22 to price goods. Find the industry Price(Percent) Contribution Margin.
- There are 5 firms with sales of firm1=$6.0million, firm2=$15.0million, firm3=$16.0 million, and the remaining two firms have $4.0 million each. Firm1 and Firm2 wish to merge. How much does the Herfindahl Hirschman Index change if the firms are allowed to merge?
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