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Explain the following pricing practices, showing clearly where each is applicable a) Marginal cost pricing (3 marks) b) Cost-plus pricing (3 marks) c) Psychological pricing

Explain the following pricing practices, showing clearly where each is applicable a) Marginal cost pricing (3 marks) b) Cost-plus pricing (3 marks) c) Psychological pricing (3 marks) d) Penetration pricing (3 marks) e) Multi-product pricing

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