_____ refers to the highest price of a product that will produce the desired level of sales in the intended market.

Question

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Optimum price refers to the highest price at which the desired level of sales can be achieved in the intended market. It is also known as the optimal price, and it helps to maximize profits while satisfying customers. Marginal price is the additional cost incurred to produce one more unit of a product or service. An external reference price is the price of a similar product or service offered by a competitor or in the market. Reserve price is the minimum price set by a seller for an auctioned item.

_____ Refers to the Highest Price of a Product That