Many retail companies use mark up pricing? setting price, Ask an Expert

Economics

Many retail companies use mark up pricing setting price some percentage above variable cost (such as 50% above cost).

a. Why do so many firms use this?

b. Under what conditions would it be profit maximizing?

c. How should it be implemented in order to make it profitable?

d. How should set the mark up?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9293173

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