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Assume there are two firms in two different industries. The marginal cost of the first firm...

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Economics

Assume there are two firms in two different industries. Themarginal cost of the first firm is $30, and its price is $38. Themarginal cost of the second firm is $22, and its price is $26.Calculate first the Lerner Index for each firm. Then use it tocalculate the markup factor for each firm. Which firm has a highermarkup factor over marginal cost?

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