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A firm has $2,200,000 in sales, a Lerner index of 0.61, and a marginal cost of $50, and competes against 900 other firms in its relevant market.
Instruction: Round your answers to 2 decimal places.
a. What price does this firm charge its customers?
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1explain why in a perfectly competitive market the firm is a price taker. why cant the firm choose the price at which
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When people become unemployed because of a higher minimum wage, this type of unemployment is called:
1 the following data applies to the economypersonal incomeconsumption100007000120008000140009000the tax rate is 25.
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The annual holding cost per unit is $2.50, and the cost to place an order is $50. Suppose demand for TricFlexers doubles to 32,000. Does the EOQ also double ? Explain what happens.
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