Bling, Inc.produces jewelry that it sells to retail jewelry stores.One of Bling's customers is Ice Jewels, a chain of jewelry stores with locations in dozens of malls across the United States.Both Bling, Inc.and Ice Jewels want to make a profit off the merchandise manufactured by Bling, Inc.This scenario is best described as

Question

Quizplus · Accepted Answer

Double marginalization occurs when both the manufacturer and the retailer mark up prices to maximize their own profits, leading to higher prices for consumers and potential inefficiencies in the supply chain.