= Solution
Away from $x=1/2$, the <outer solution> is obtained by setting $\varepsilon=0$:
$$
y_0(x)=\left|x-\frac12\right|.
$$
It already satisfies both endpoint conditions, but its derivative jumps at $x=1/2$. Introduce the <inner variable>
$$
\xi=\frac{x-\frac12}{\varepsilon}
$$
and write $y=\varepsilon Y(\xi)$. The inner equation is
$$
Y''-Y=-|\xi|.
$$
Matching to the outer cusp requires $Y\sim|\xi|$ as $|\xi|\to\infty$. The even solution is
$$
Y(\xi)=|\xi|+e^{-|\xi|}.
$$
Subtracting the common part $\varepsilon|\xi|$ gives the <composite asymptotic expansion>
$$
\boxed{
y(x;\varepsilon)\sim
\left|x-\frac12\right|
+\varepsilon
\exp\left(-\frac{|x-\frac12|}{\varepsilon}\right)
}.
$$
Its endpoint errors are exponentially small.
At $x=1/2$, the first and second derivatives from the two sides agree, but the third derivatives have opposite signs. The composite expansion is therefore $C^2$ but not $C^3$.
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