When Firms Price Their Products by Adding a Percentage Markup

question 124

Multiple Choice

When firms price their products by adding a percentage markup to their average costs of production, this is called

• A)average cost pricing.
• B)rounding up.
• C)break-even pricing.
• D)cost-plus pricing.

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Definitions:

Prezygotic Barriers

Mechanisms that prevent mating or fertilization between species, ensuring reproductive isolation and species divergence.

Postzygotic Barriers

Reproductive isolating mechanisms that occur after fertilization, preventing the development of viable or fertile offspring between different species.

Temporal Isolation

A mechanism of reproductive isolation in which different species breed at different times, preventing them from interbreeding.

Habitat Isolation

A prezygotic barrier where two species live in different habitats within the same area but do not meet, preventing them from mating.