Question
A Lerner Index of 0 indicates which of the following
market conditions?Solution
A Lerner Index of 0 indicates perfect competition, where the price equals marginal cost, and firms have no market power to mark up prices above its cost. Formula of Learner index is à L= ((P-MC)/P) = 1/e, where e is the price elasticity of demand.
Select the most appropriate option to fill in the blank.
Mother shall return _____ an hour.
The two boys ____each other for the first place.
Augusta National is definitely golf’s _________ hallowed grounds. The entire calendar year of the course maintenance revolves _________ preparing it ...
The new software was ____________to streamline the efficiency of the workflow and reduce the time required for completion of tasks.
Select the most appropriate word to fill in the blank.
We haven't been to Gangotri______almost ten years.
Select the most appropriate option to complete the sentence.
The _____________ of the storm is yet to come.
You are provided with a sentence with one word missing, denoted by a blank. You are presented with four options (A), (B), (C) and (D), identify which of...
Sea levels increases ……….. to the …………. of ice caps at the poles.
No sooner had he entered the room.........the lights went out and everyone started talking loudly.
...The …………… of Sri Lankan fisherman and their boats that were released on the orders of the State Government is being d...
