A firm's average cost is $20,and it charges a price of $20.The Lerner index for this firm is:
A) 0.20.
B) 0.50.
C) 0.33.
D) insufficient information.
Correct Answer:
Verified
Q1: An industry is comprised of 10 firms,each
Q3: A Herfindahl index of 10,000 suggests:
A) perfect
Q4: Suppose that there are two industries,A and
Q5: An unregulated industry has a Lerner index
Q6: Oligopoly differs from monopoly as follows:
A) Oligopoly
Q7: Suppose that there are two industries,A and
Q8: Which of the following is NOT one
Q9: Which of the following kinds of market
Q10: When economies of scale are large,firms can
Q11: A Lerner index of 0 suggests:
A) monopoly.
B)
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