"Average-Cost Pricing

question 272

Multiple Choice

"Average-cost pricing":

• A) will result in losses if actual sales are much higher than expected.
• B) might cause a firm to charge too high or too low a price-and reduce its profits.
• C) usually assumes the firm will sell a larger quantity than the year before.
• D) cannot be profitable-because it ignores demand.
• E) All of these alternatives are correct.

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Definitions:

Torts

are civil wrongs recognized by law as grounds for a lawsuit, resulting in injury or harm constituting the basis for a claim by the injured party.

Physical Harm

Describes injury or damage to a person's body, as opposed to property or psychological harm.

Emotional Harm

Emotional harm refers to psychological damage caused by extreme stress, trauma, or distressing experiences, impacting an individual's mental health and well-being.

Negligent Misrepresentation

A false statement made carelessly that is reasonably relied upon and causes harm or damage.