As the ratio of price to marginal cost decreases, the Lerner index
A) stays the same.
B) increases.
C) decreases.
D) can increase or decrease depending upon the shape of the demand curve.
C
Economics
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Modern research suggests that colonial Americans experienced positive rates of economic growth but not a high quality of life
Indicate whether the statement is true or false
Economics
If a country's annual growth rate is 2%, then its output will double in approximately ____ years
a. 2 b. 10 c. 25 d. 35
Economics
The strength of the competition faced by a company can profoundly affect its
a. pricing. b. output decisions. c. input decisions. d. All of the above are correct.
Economics
What is the euro and why has it been created? How has its value changed relative to the U.S. dollar since its inception?
What will be an ideal response?
Economics