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Homework answers / question archive / Assume that for a particular firm's output price = $80, marginal cost = $30, average total cost = $25

Assume that for a particular firm's output price = $80, marginal cost = $30, average total cost = $25

Marketing

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) 0.375.

B) 0.625.

C) 0.6.

D) 0.313.

Option 1

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