In 2009, the price of Amazon's Kindle 2 was $359, while iSuppli estimated that its marginal cost

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In 2009, the price of Amazon's Kindle 2 was $359, while iSuppli estimated that its marginal cost was $159. What was Amazon's Lerner Index? What elasticity of demand did it face if it was engaging in short-run profit maximization?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:58 AM

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In 2009, the price of Amazon's Kindle 2 was $359, while iSuppli estimated that its marginal cost

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Microeconomics Theory and Applications with Calculus

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