Which of the Following Statements Concerned with Pricing Is Not

Multiple Choice

Which of the following statements concerned with pricing is not true?

A) Some entities may use an average cost that includes both fixed and variable costs for cost-based pricing.
B) Cost-based prices are difficult to calculate.
C) Where an entity is selling a unique product, it will set the price at the maximum amount bearable by the market.
D) Market-based pricing is based on competition in the market place.