__________________ require a certain percentage markup be applied to all products.

Question

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Minimum markup laws mandate a certain percentage of markup to be applied to all products. This ensures that retailers don't sell products at a loss and that prices are fair across the board. Fair trade laws are different in that they ensure fair wages and working conditions for farmers and producers in developing countries. Loss leader products are sold below cost to attract customers, and state fair trade laws can refer to any number of regulations specific to a particular state.

__________________ Require a Certain Percentage Markup Be Applied to All