If the demand for a firm's output is perfectly elastic, then the firm's Lerner Index equals

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If the demand for a firm's output is perfectly elastic, then the firm's Lerner Index equals

If the demand for a firm's output is perfectly elastic, then the firm's Lerner Index equals

▸ zero.

▸ one.

▸ infinity.

▸ one-half.

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Managerial Economics and Strategy

Edition: 3^rd

Authors: Perloff, Brander

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nomi Author

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Brilliant ツ

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You make an excellent tutor!

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