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Home Q & A Board Other Fields Homework Help Business Economics
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insherro insherro
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7 years ago
Assume that for a particular firm's output price = $80, marginal cost = $30, average total cost = $25. Based on this information, the firm's Lerner Index is equal to:
A) 0.313.
B) 0.375.
C) 0.6.
D) 0.625.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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insherro Author
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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Smart ... Thanks!
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