1. Estimates of the marginal cost of Daraprim are S100 for a 100 pill bottle. If Turing charges $75,000 per bottle, what is the elasticity of demand that Turing believed it faced? You need to know that (P- MC)/P 1/lel, where le is the absolute value of the elasticity of demand. 2. Estimate a linear demand curve for Daraprim of the form P-mQ +b.

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