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2. The demand for pharmaceutical drugs is very inelastic. Consumers in these markets are not price sensitive. When prices rise, they do not substantially reduce

2. The demand for pharmaceutical drugs is very inelastic. Consumers in these markets are not price sensitive. When prices rise, they do not substantially reduce their quantity of the drug demanded. What would this observation suggest about the price-to-marginal-cost mark-up for drugs that are produced by a monopolistic firm

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