A toothbrush that costs ten cents to manufacture may cost a consumer $3.00 to buy. According to critics, this is an example of .

Name: A toothbrush that costs ten cents to manufacture may cost a consumer $3.00 to buy. According to critics, this is an example of .
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Excessive markup is when a product is sold for a price that is significantly higher than its manufacturing cost. In this case, the toothbrush costs 10 cents to manufacture but is sold for $3.00, which is an excessive markup.

A Toothbrush That Costs Ten Cents to Manufacture May Cost