Assume the price elasticity of demand for a product is -4.In this case,the firm's optimal markup is (approximately):
A)400 percent.
B)100 percent.
C)33 percent.
D)25 percent.

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The Answer of Assume the price elasticity of demand for a product is -4.In this case,the firm's optimal markup is (approximately):
A)400 percent.
B)100 percent.
C)33 percent.
D)25 percent.

Assume the Price Elasticity of Demand for a Product Is