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QUESTION
Sweetums Candy Co is a monopolist in suburban Pawnee. Given that the price elasticity of demand is currently -1.25 and the markup for Sweetums is .
Sweetums Candy Co is a monopolist in suburban Pawnee. Given that the price elasticity of demand is currently -1.25 and the markup for Sweetums is .5 (or fifty percent) is the markup too high or too low?
