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  • 2022-06-04
    The Lerner Index indicates that a monopolist has unlimited control over price。( )
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    • In which of the following cases was the inflation rate 12 percent over the last year? A: One year ago the price index had a value of 110 and now it has a value of 120. B: One year ago the price index had a value of 120 and now it has a value of 132. C: One year ago the price index had a value of 134 and now it has a value of 150. D: One year ago the price index had a value of 145 and now it has a value of 163.
    • The Marshall–Lerner condition indicates a stable foreign<br/>exchange market if the sum of the price elasticities of the demand<br/>for imports and the demand for exports0, in absolute terms, is less<br/>than 1. ()
    • For a profit maximizing monopolist, price:
    • She now( )the people who used to be her bosses. A: has control over B: has anthority over C: is entitled to D: has authority on
    • If the elasticity equals -10,the Lerner Index equals 0。01( )

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