Business, 17.02.2020 23:04 mike2910

A firm has $2,100,000 in sales, a Lerner index of 0.6, and a marginal cost of $45, and competes against 800 other firms in its relevant market. Instruction: Enter your responses rounded to two decimal places. a. What price does this firm charge its customers? $ b. By what factor does this firm mark up its price over marginal cost?

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A firm has $2,100,000 in sales, a Lerner index of 0.6, and a marginal cost of $45, and competes agai...