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What is the Lerner index formula?
L= P-MC/ P.
What is teh Lerner index?
describes the market power.
Who was the Lerner index named after?
What regulated interstate commerce?
Cant combine or conspire.
The Shrerman Anti-trust act
When was the Sherman Anti-trust act implaced?
When did Teddy Roosevelt become president?
Why did Roosevelt re-run for president in 1904?
break-up the trust (firms), the trust busters.
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