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Suppose a monopoly's price is $180.00 and its marginal cost of production is $108.00. What is the firm's markup? The monopoly's markup is percent. (Enter

Suppose a monopoly's price is $180.00 and its marginal cost of production is $108.00. What is the firm's markup? The monopoly's markup is percent. (Enter a numeric response using a real number rounded to two decimal places.) What is the firm's elasticity of demand? The monopoly's price elasticity of demand is = = (Enter a numene response using a real number rounded to two decimal places.)

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