question archive If the inverse demand curve a monopoly faces is P = 100 - 2Q, and MC is constant at 16, then the firm's Lerner index equals: a
If the inverse demand curve a monopoly faces is P = 100 - 2Q, and MC is constant at 16, then the firm's Lerner index equals: a
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If the inverse demand curve a monopoly faces is P = 100 - 2Q, and MC is constant at 16, then the firm's Lerner index equals:
a. 58/16
b. 42/58
c. 58/42
d. 16/42
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