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Which of the Following Presents the Strongest Reason That Markup

Question 67

Multiple Choice

Which of the following presents the strongest reason that markup pricing is generally illogical?


A) Sellers earn a fair return on their investment.
B) By tying the price to cost, sellers simplify pricing.
C) When all firms in the industry use this pricing method, prices tend to be similar.
D) This method ignores demand.
E) With a standard markup, consumers know when they are being overcharged.

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