Use the figure below to answer the following questions.
Figure 14.2.5
-Refer to Figure 14.2.5. The figure shows the situation facing Smart Digit, Inc., a firm in monopolistic competition that produces calculators. The firm's markup is ________ per calculator.
Definitions:
Nasogastric
Relating to or involving the nose and the stomach, especially a tube that goes from the nose to the stomach for feeding or medication.
Alimentary Canal
The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.
GB
Commonly used as an abbreviation for Gallbladder, an organ that stores bile produced by the liver.
Gallbladder
A small, pear-shaped organ located beneath the liver that stores and concentrates bile, a digestive fluid produced by the liver.
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