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What is the economist's true pricing theory? A; Price is set at the price that will provide maximum profit to lowest cost. B: Price is

What is the economist's true pricing theory?

A; Price is set at the price that will provide maximum profit to lowest cost.

B: Price is set at the intersection of the seller's supply curve and the buyer's demand curve.

C: Price is set to the average cost the consumer is able to pay.

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