An Industry's Typical Percentage Markup

question 22

Multiple Choice

An industry's typical percentage markup

• A) should be expected to fluctuate wildly from year to year
• B) equals 1 - (average cost per unit/average revenue per unit)
• C) is determined by collusion
• D) is of price concern for the macroeconomy
• E) is relatively low if there is fierce competition among firms.

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