When an average total cost pricing rule is enforced, average total cost equals _______.
A) price
B) average total cost
C) total revenue
D) marginal revenue

Question

Quizplus · Accepted Answer

When an average total cost pricing rule is enforced, the price is set equal to the average total cost to ensure that the company covers all its costs, including both fixed and variable costs, without making a profit or a loss on the product.

When an Average Total Cost Pricing Rule Is Enforced, Average