Which of the following is true of long-run pricing?

		It is fixed at a level that recovers the variable cost of the company and a pre-determined profit markup.
		It is generally a function of the market factors and the cost involved in production is generally not a consideration.
		It is based only on internal requirements like cost and estimated rate of return as in the long run these requirements are the driving factors of any organization.
		It is a strategic decision designed to build long-run relationships with customers based on stable and predictable prices.