A pen that costs five cents to make may cost the consumer $2 to buy.According to critics,this is an example of ________.

Question

Quizplus · Accepted Answer

Excessive markups refer to the practice of businesses charging significantly higher prices for products than what they cost to produce. In this case, the cost of producing the pen is only five cents, but the consumer is charged $2, indicating a substantial markup.

A Pen That Costs Five Cents to Make May Cost