If the optimal markup on price is 50%, the optimal markup on cost is: If the opt
ID: 1258964 • Letter: I
Question
If the optimal markup on price is 50%, the optimal markup on cost is: If the optimal markup on cost is 25%, the optimal markup on price is: The competitive market pricing rule-of-thumb for profit maximization is to set: What is the Herfindahl-Hirschman Index (HHI) for an industry in which five firms each control 20% of the market? Which of the following pieces of antitrust legislation banned tying contracts, limited mergers, and banned price discrimination? If the market price is $8.50, what are the profit-maximizing output and profit? If a firm charges a price of $6 for a product with a cost of $5, the markup on cost equals: If a firm charges a price of $5 for a product with a cost of $3, the markup on price equals:Explanation / Answer
Answers) If the optimal mark up on price is 50% then the optimal mark up on cost is a)100%