Suppose a market with a Cournot structure has five firms and a market price elasticity of demand equal to -2. What is a Cournot firm's Lerner Index?
A) .1
B) .2
C) .5
D) 1
A
Economics
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Studying the growth of (Y/N) in the United States over the period 1909-1957, Robert Solow found that growth in multifactor productivity accounted for ________ of it
A) ten percent B) twenty-five percent C) one-third D) roughly half E) seven-eighths
Economics
If a firm doesn't make an economic profit it will shut down
Indicate whether the statement is true or false
Economics
A monopolist will earn economic profits as long as his price exceeds:
a. marginal revenue. b. average fixed cost. c. average variable cost. d. average total cost.
Economics
The value of the GDP deflator for a country whose nominal GDP was $102 billion in 2013 and real GDP (relative to the base year 2010) was $90 billion would be approximately _____
a. 100 b. 102 c. 90 d. 113
Economics