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Indicate Whether Each Item Below Is a Characteristic of a Price-Taker

Question 130

Short Answer

Indicate whether each item below is a characteristic of a price-taker or a price-setter. Use PT for price-taker and PS for price-setter.
a)Cost-plus pricing
b)Product lacks uniqueness
c)Less competition
d)Target pricing
e)Heavy competition

Correct Answer:

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a)PS
b)PT
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