Question
The mark-up equation is only an approximation to the optimal pricing strategy. To define exactly what the optimal price should be, we need to know
The mark-up equation is only an approximation to the optimal pricing strategy. To define exactly what the optimal price should be, we need to know the complete cost structure of the firm.
Is this True of False statement with explanation
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
