If the Inverse Demand Curve a Monopoly Faces Is P

question 91

Multiple Choice

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) 16/42.
• C) 58/42.
• D) 42/58.

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