Question: What is cost-plus pricing? Is using cost-plus pricing consistent with a firm maximizing profits? How does the elasticity of demand affect the percentage markup?

What is cost-plus pricing? Is using cost-plus pricing consistent with a firm maximizing profits? How does the elasticity of demand affect the percentage markup?

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What is cost-plus pricing? Is using cost-plus pricing consistent with a firm maximizing profit? How does the elasticity of demand affect the percentage price markup that firms use?

Is using cost-plus pricing consistent with a firm maximizing profit? How does the elasticity of demand affect the percentage price markup that firms use?

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