The Learner Index measures __________.

market power

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price

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price-marginal cost

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none of the above

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Solution

The correct option is A market power
The Learner's Index is a measure of market power. The index can take values between 0 and 1, with 1 being the highest and 0 being the lowest. It is calculated using the formula $L = \frac{P - M C}{P} = \frac{1}{| ϵ |}$ . It is the reciprocal of elasticity.

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The Learner Index measures __________.

The correct option is A market powerThe Learner's Index is a measure of market power. The index can take values between 0 and 1, with 1 being the highest and 0 being the lowest. It is calculated using the formula L=P−MCP=1|ϵ|. It is the reciprocal of elasticity.

The correct option is A market power
The Learner's Index is a measure of market power. The index can take values between 0 and 1, with 1 being the highest and 0 being the lowest. It is calculated using the formula $L = \frac{P - M C}{P} = \frac{1}{| ϵ |}$ . It is the reciprocal of elasticity.