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In a Firm Fixed Price Contract, If Market Prices _____

Question 4

Multiple Choice

In a firm fixed price contract, if market prices _____ the stated contract price because of outside factors such as competition, changes in technology, or raw material prices, the _____ assumes the risk or financial loss.


A) rise above….purchaser
B) stay the same….seller
C) stay the same….purchaser
D) fall below….purchaser
E) None of these answers.

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