Cost-Plus Pricing Is Popular in Periods of Rapid Inflation

question 48

True/False

Cost-plus pricing is popular in periods of rapid inflation.

---

Definitions:

Market Failure

A scenario in which the distribution of goods and services through an unregulated market leads to inefficiency, frequently resulting in a decrease in overall societal well-being.

Government Policies

Strategies and actions taken by a government to govern, direct, or regulate a community, country, or economy.

Theorem

A statement or proposition that is proven on the basis of previously established statements or propositions.

Externalities

Economic side effects or consequences of a commercial activity that affect other parties without being reflected in the costs of the goods or services involved.