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    Microeconomics Study Set 49
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    Exam 11: Monopoly and Monopsony
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    In Order to Calculate the Lerner Index for a Particular
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In Order to Calculate the Lerner Index for a Particular

Question 67

Question 67

Multiple Choice

In order to calculate the Lerner Index for a particular firm, you need to know _______ and ______ for that firm.


A) marginal cost; marginal revenue
B) marginal cost; price
C) price; quantity
D) price; demand

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