High Markups on a Product Could Lead to Low Profits

question 71

Multiple Choice

High markups on a product could lead to low profits when

• A) competitors have higher markups.
• B) there are no substitutes.
• C) demand is inelastic.
• D) sales dip due to high prices.
• E) supply is inelastic.

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Definitions:

Host's Susceptibility

The degree of sensitivity of a host organism to harmful effects from pathogens or environmental factors.

Nutritional Status

An assessment of an individual's health as influenced by the intake and utilization of nutrients.

Virulence

A microorganism's disease-producing power.

Opportunistic Infection

Infection by microorganisms that can cause disease only when a host’s resistance is low.