The estimated price-cost margin of 11.9 percent in the market for broiler chickens in 1992 suggested that there was a high degree of competition in that industry.

Name: The estimated price-cost margin of 11.9 percent in the market for broiler chickens in 1992 suggested that there was a high degree of competition in that industry.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

A price-cost margin of 11.9 percent indicates a relatively low markup over costs, suggesting competitive pricing and a high degree of competition in the market.

The Estimated Price-Cost Margin of 11