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Which of the following is true regarding the size of a price markup Select one: a. The more inelastic a firm's demand, the small the

Which of the following is true regarding the size of a price markup Select one: a. The more inelastic a firm's demand, the small the markup b. The more inelastic a firm's demand, the larger the markup c. Markup size does not depend on elasticity d. Monopolies will have no markup

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