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The more elastic the demand facing a firm?
جب کسی فرم کی طلب زیادہ لچکدار ہو تو کیا ہوتا ہے؟
  1. The higher the value of the Lerner index
  2. The lower the value of the Lerner index
  3. The less monopoly power it has
  4. None of these
Explanation
  • The Lerner index measures monopoly power.
  • It shows how much price exceeds marginal cost.
  • When demand is more elastic, consumers are more sensitive to price.
  • Firms cannot charge high markups in this case.
  • So, the Lerner index becomes lower.

Last verified on 22-04-2026

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جب کوئی غیر ملکی کمپنی اپنی برآمدات کو پیداوار کی لاگت سے کم قیمت پر فروخت کرے تو اسے کیا کہتے ہیں؟
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