Different Firms in the Same Line of Business Are Likely

question 198

Multiple Choice

Different firms in the same line of business are likely to use the same markup percent:

• A) because they all want to have the same selling price.
• B) because this is a government requirement.
• C) because they are likely to have similar operating expenses.
• D) because this is what is acceptable to manufacturers.
• E) only if they are in pure competition.

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