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A firm in the market for designer jeans has some degree of monopoly power

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A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of demand of -5, while the price elasticity of demand of the market is -4. Moreover, the firm has a constant marginal cost of $50.

Given the information above, use the Lerner Index of Monopoly Power to calculate the firm's monopoly power.