An industry is known to face market price elasticity of demand =3 (As.pdf

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An industry is known to face market price elasticity of demand =3 (Assume this elasticity as constant as the industry moves along its demand curve.) The marginal cost of each firm in this industry is $10 per unit, and there are five firms in the industry. What would the Lerner Index be at the Cournot equilibrium in this industry?.

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