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Suppose that superhero services are a monopolistically competitive market. If each superhero's demand curve is inelastic, the markup is _ than it would be if
Suppose that superhero services are a monopolistically competitive market. If each superhero's demand curve is inelastic, the markup is _ than it would be if they had a relatively elastic demand curve (all else constant), and total revenue _ when they raise their prices. 0 higher; increases 0 higher; decreases 0 lower; increases 0 lower; decreases
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