If a computer company will sell a laptop only if the price is $400 or higher,then $400 is known as

Name: If a computer company will sell a laptop only if the price is $400 or higher,then $400 is known as
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The minimum price at which the computer company is willing to supply or sell the laptop is $400 or higher. This is known as the minimum supply price, which is the minimum price point necessary to cover the costs of producing the laptop and earn a profit.

If a Computer Company Will Sell a Laptop Only If