A Lerner Index of 0 indicates which of the following market conditions?
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.
Statement: G ≤ L ≥ O ≥ W ≥ I < N
Conclusion: I. I < LÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. L = I
...Statements: V < P ≤ F = Y, Y < O ≤ J < SÂ
Conclusions:
I. V ≤ O
II. F < J
III. S > P
Statements: K ≥ L, N = R, L ≥ R, Q > C = K
Conclusions: I. R ≤ Q II. C ≥ N
In which of the following expressions the expression ‘Q ≤ N’ would hold definitely true?
In which of the following expressions will the expression ‘M ≥ N ' and ‘Q < O’ be definitely true?
Statements :Â Â Â Â Â Â T @ V % Z #Â C & B $ S # E; W $ C @ Z
Conclusions :Â Â Â Â Â I. E @ ZÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. S # WÂ Â...
Statements: T < U = S ≤ O, C > Y ≥ X, T > K = XÂ
Conclusions :I. O > KÂ Â II. C < TÂ Â Â III. U > K
Statements:Â Â Â Â Â Â M # N # O $ P & Q % R % S
Conclusions :Â Â Â Â Â I. Q @ SÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ...
Statements: I ≥ J ≤ K = L ≤ M; G ≤ H < I; M ≤ N < O ≥ P
Conclusions:
I. M < H
II. N ≥ J
III. M ≥ H...
Statements: Â M @ N, P @ R, P & N
Conclusions:Â Â Â Â Â a ) M @ PÂ Â Â Â Â Â Â Â Â Â Â Â Â b) R & M
...