Price competition is minimized when all firms in an industry use which pricing method?
A)value- added pricing
B)variable pricing
C)elasticity pricing
D)markup pricing
E)value- based pricing

Question

Quizplus · Accepted Answer

Markup pricing involves adding a fixed or percentage amount to the cost of a product or service, which results in the same price for all firms within an industry, minimizing price competition.

Price Competition Is Minimized When All Firms in an Industry