Price Reflects More Than Cost and Profit; Pricing Decisions Also

Multiple Choice

Price reflects more than cost and profit; pricing decisions also must be based on the degrees of competition and buyer-seller relationships. According to the textbook the competitive pressures of price also must consider which of the following?

A) the number of sellers in the market
B) the number of buyers in the market
C) the general economic environment
D) all of the above
E) "A" and "B" only