Price competition is minimized when all firms in an industry use which pricing method?
A) Variable pricing
B) Markup pricing
C) Elasticity pricing
D) Value-added pricing
E) Value-based pricing

Question

Price competition is minimized when all firms in an industry use which pricing method?
A)	Variable pricing
B)	Markup pricing
C)	Elasticity pricing
D)	Value-added pricing
E)	Value-based pricing

Quizplus · Accepted Answer

Markup pricing minimizes price competition as firms set prices based on a fixed percentage over cost, leading to more stable and predictable pricing across the industry.

Price Competition Is Minimized When All Firms in an Industry